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What is the NAIC of a Captive Insurance Company?
naics code for captive company
Is farmers insurance a captive company?
yes
Who are the buyers of reinsurance?
*Direct insurance company *Captive insurance company *Reinsurer However, there are no clear separation between buyers and sellers in reinsurance. Insurance company maybe a buyer (outward reinsurance) and a seller (inward reinsurance)
What is a captive insurance company?
Company formed to insure the risks of its parent corporation. Reasons for forming a captive insurance company include:1. Instances when insurance cannot be purchased from commercial insurance companies for a business risk. In many instances companies within an industry form a joint captive insurance company for that reason.2. Premiums paid to a captive insurance company may be deductible as a business expense for tax purposes according to current Internal Revenue Service rules. However, sums set aside in a self insurance program are not deductible as a business expense. Therefore, although costs will be insurred in creating and operating a captive, they may be rouped over time by tax savings.3. Reinsurance can be obtained through the international reinsurance market. Reinsurance is essentially insurance for an insurer, and therefore, the captive does not have to bear the entire risk of loss if it has an established reinsurance program. While premiums must be paid for reinsurance, the structure of the reinsurance program can be layered to keep premiums relatively low in comparison to the amount of protection provided against catastropic losses. In contrast, self-insurance programs, because they are not insurers as such, cannot obtain reinsurance, and thereby must retain all risk.4. Investment returns can be obtained directly on its invested capital.However, competent personnel to manage and staff the company can be costly; and further, a catastrophic occurrence or series of occurrences could bankrupt the captive-which is why reinsurance through a stable reinsurer is critical.
What is blue rhino business strategy?
Blue Rhinos business strategy is to be committed to world - class operations and value added marketing. The company is also dedicated to providing above and beyond customer service.
What is the NAIC of a Captive Insurance Company?
naics code for captive company
Is Nokia a direct investment?
yes if it is a captive company yes if it is a captive company
Is farmers insurance a captive company?
yes
Is target a low cost strategy company?
"Yes"Target is a low strategy company
What is the key difference between captive bundling strategy and optional bundling strategy?
see the third & fourth link of this website: total-forex-trading.co.cchope you get answer; good luck !
Where can you learn about company risk strategy?
One can learn about company risk strategy online at various websites. One can learn about risk strategy at websites such as Risk Strategies Company and ENISA.
Does Aldi's low cost strategy imply that the company offers low quality?
How does Aldis strategy lead to a competitve advantage how does company achieve this strategy
Is it possible for a company or business unit to follow a cost leadership strategy and a differentiation strategy simultaneously Why or why not?
Is it possible for a company or business unit to follow a cost leadership strategy and a differentiation strategy simultaneously? Why or why not?
Example of Intensive growth strategy of any company?
Wat is the best intensive growth strategy of a Soup company?
What is administrative strategy in project management?
Since there is no such thing as "administrative strategy" in project management, then I assume you mean just company strategy and Project Management. This essentially means that the projects have to align with the strategy of the company.
What strategy should a company pursuing a multidomestic strategy adopt?
Global geographic
What is the Whole Foods' Company strategy What are their Company goals and were they successful in achieving those goals?
Whole foods follows a differential strategy.
