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Rus Rice Memorial Bursary

Rus Rice Memorial Bursary Amount and Criteria

This $1,000 bursary will be presented to a full time student, including freshmen, pursuing undergraduate or postgraduate studies at a recognized degree granting institution.

The bursary will be awarded on the following basis:

  • Financial
  • Academic
  • Other Interests

Rus Rice Memorial Bursary

Early in the morning of December 24, 1990, the insurance industry lost a good friend and advocate with the sudden death of Rus Rice. Although still in his early forties and associated with the industry for only ten years, he had already left his mark. Rus was the owner of S. F. Fraser Ltd. in Souris, P.E.I.

A Profile of Rus Rice, CAIB

A past chairman of the former Atlantic Alliance, he also served on the executive and at the time of his death, was president of the Insurance Brokers Association of Prince Edward Island. In addition, he was serving as P.E.I.’s director to the Insurance Brokers Association of Canada. Concerned with professional standards for the insurance industry, he was part of the committee working on licensing and professional standards for Prince Edward Island.  A strong proponent of education, Rus demonstrated this commitment in his own life. Over the years, he had served as education chairman for both the IBAPEI and Atlantic Alliance. He had helped to organize, and was a lecturer for, the Fundamentals of Insurance licensing course at the Memramcook Institute. As well, he played an important role as an organizer and lecturer with the C.A.I.B. program in P.E.I. In 1989 he was one of the first recipients to be awarded the CAIB designation in P.E.I. and was preparing to write the final exam for his C.I.B. designation.

A man with a broad view of life, in addition to his commitment to his chosen profession, Rus was devoted to his family and involved in the larger community. Active in his church, at the time of his death he was, as well, serving as president of the Eastern Kings Regional Chamber of Commerce and a director of the Souris and Area Industrial Commission. He was a former member of the board of Directors of the Souris hospital.
In a time of uncertainty and rapid change, Rus’s values of family, community, hard work and a spirit of giving back to benefit others, can serve as a beacon of inspiration to all of us. A life to be celebrated and remembered, the insurance brokers associations of the four Atlantic provinces hope that something of his spirit will be captured each year as the scholarship named for him is presented.

Rus Rice applicants must be a dependent of a broker or a staff member of a firm in the Atlantic Provinces, which is a member in good standing of their Provincial Association. Applications are restricted to residents of the Atlantic Provinces. High School and University/Community College transcripts to be forwarded to the association office, post marked no later than June 30.

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