Captive insurance can be obtained from a number of insurance and management companies. Active Captive Management, The HDH Group, Montera Management, and Red Hook Risk Services all sell captive insurance policies.
naics code for captive company
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The term captive rate is used in insurance payment quotes. It means the rate a person will need to pay to cover things that are not part of the insured's regular policy. For example, a person getting insurance for a home will need flood insurance to be added in some cases. The captive rate will be the additional fee paid for this type of insurance.
Captive Agent
A captive or a hostage.
First you decide if you want to be a captive agency(selling mostly one kind of insurance) or an independent agency. Then you have to get liscensing, training, experience, and begin building a client base.
I'd like to help you, can you better define co-op insurance? Do you mean pooled risk insurance? Self insured insurance? Captive insurance? Thanks! Contact some agent(s) in your area, if they do not sell this type of policy they will be able to refer you to one who does.
You obtain title insurance from a licensed title insurance agent; I would not purchase it from a captive agent (that is, from the lender providing my loan, or from the realtor listing/selling the house).
If he is a captive agent selling Term Insurance, it could be anywhere from 40 -50 %. If he is a broker selling the same insurance it could be anywhere from 60% and up.
A captive Agency can only writes business for one carrier.
A Group captive, in its most basic form, allow several companies to pool their risks and form a collective insurance entity. This model is particularly appealing because of the potential for lower insurance costs, greater control over claims management, and the possibility of profit returns. However, alongside these benefits come shared risks and responsibilities. Having expert guidance is invaluable. One such expert is Michael Richards, President of Westwood Insurance Group.
The InitiationThe Captive Part IThe Captive Part IIThe PowerI think there's 4, but you can get them combined into 2 books at Chapters, they are("The Initiation" & "The Captive, Part one") and the other one is ("The Captive, part 2" and The Power")