Paul Moak, Jr., of Paul Moak Honda and Subaru believes in giving back. The Mississippi Automobile Dealers Association Self Insurers Fund (MADASIF) has benefited from his leadership as Chairman of the Board of Trustees.
Paul has played an important part in the Association and its Self Insured Program for workers’ compensation. Paul was elected as Chairman of the MADA in July 2005 and has served on the SIF Board since 2011. He became Chairman of the MADASIF in 2016.
Under Moak’s Chairmanship, the Fund has given back $6,250,000 in dividend distributions and lowered overall rates by 7%, continuing to make the SIF one of the strongest, if not the strongest, Self-Insured Programs in the state.
“Paul is an extraordinary leader and has the ability to make an impact with his wisdom and attention to detail,” said Marty Milstead, President of MADA and Fund Administrator of the MADASIF. “I have had the privilege to work alongside Paul, and he has truly been a wonderful mentor,” he continued.
As a second-generation car dealer, Paul had the opportunity to work under his dad, and much of the guiding principles of being a successful car dealer were learned from Paul Moak, Sr.
Not only has Paul made a difference for the Self Insured Program, but his work has made a huge impact on the association.
The Self Insurers Fund was started by the MADA and Mississippi Automobile Dealers back in 1989. The workers’ compensation insurance market was upside down, and the Association saw an opportunity to help its members with lower insurance premiums and a non-dues revenue source for MADA.
Because of the SIF, MADA is able to carry out its mission to promote, advance, and protect the franchised new car dealers and some used car dealers.
Direction and oversight of the MADASIF are provided by the Board of Trustees. Walt Massey, owner of the Walt Massey Automotive Group, has been elected to serve as the next Chairman of the Board. Roger Bacon, owner of Mossy of Picayune and Nissan of Picayune, has been elected to serve as Vice Chairman. Other members of the Board are Jeb Blackburn, Cannon Kirk, Jonathan Allen, Jeff Field, and Trudy Moody.
