Thank you, Madame.
At the moment we have accumulated about $3.5 million in premiums from the industry. I haven't broken it out into individual members. I'm sure that would be available from each of them. We tend to aggregate them.
Our concern is that if we are required to access one precise piece of the market when we know there are broader markets available, you will probably pay a higher premium because of that exclusivity. We're simply looking at being authorized to let our individual members go out and test the market. They know there are other existing entities with whom they can directly discuss the premiums and hopefully, with that competition, drive premiums to their best level.
We recognize that the increase in liability to $650 million brings us more in line with the world, and obviously we want to do that. But we also want to have the ability, as individual entities, to test the markets that provide us with the broadest range of prices possible to get the best value for our customers, or in some cases our shareholders.