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CAPTIVE/RRG
INSURANCE IMPLEMENTATION The decision
to form a captive must be preceded by a thorough examination of the
advantages, disadvantages, and costs as they relate to the organization’s
situation. Such examinations are
referred to as “feasibility studies” – internal staff, insurance brokers,
captive managers, or independent consultants may perform these studies. If a captive structure makes sense and the
firm decides to proceed, a business plan and five-year financial projection
should be developed and submitted to the insurance regulatory agency within
the chosen domicile to petition for the issuance of an insurance license. |
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F. Darrell Lindsey State Approved Captive/RRG Manager |
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BACK – USE ARROW TO PRINT USE PRINT PREVIEW |
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