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The client’s needs may vary, depending on the structure and appropriate
requirements of the Company as they may develop from time to time. Change can be expected. Regardless of the billing method, or the fee structure finalized with
service providers, expenses, relating to the Captives/RRG’s operations, will
be satisfied monthly as being paid from the premiums collected from
the Insured's of the program. These charges may
include the following: 1.
Printing (e.g., policies and
endorsement forms); 2.
Office supplies (e.g., stationary,
office forms and invoices); 3.
Courier deliveries; 4.
Travel expense; 5.
Archiving; 6.
Professional fees (e.g.,
actuarial, lawyers, computer consultants); 7.
Photocopying and examination fees; 8.
Filing and Company examination
fees; 9.
TAXES; 10.
Claims handling. Whatever payment method is agreed upon by the contracted Service
Providers, if a service provider is called upon to render services, or engage
in activities which are greater than contemplated when setting and agreeing
to a fee or flat charge, each of the contracted service providers will have
the right to negotiate a separate fee for those services. The above summary represents the INDUSTRY STANDARDS established in; the organization, operation, and management of over 5,000 Captive Insurance Companies and now over 220 Risk Retention Group Insurance Companies in business. All and any terms, conditions and agreements are subject to modification to meet the needs of each and every different Self-Insured or Insurance Companies purpose. |
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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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