NBIS Specialty Construction Insurance

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Create A Captive

Submission Requirements

The Business Plan generally consists of briefly describing the business mission, as well as the objectives of the proposed captive.

Information in the Business Plan should include:


·	Will the company be a direct insurer or a reinsurer?

·	Will the risks underwritten be relation or parent/affiliate business, and/or unrelated third party business?

·	What is the relationship between the company and its client base?

·	What line of business will be written?

·	What are the estimated gross and net premiums by line?

·	Who is the primary carrier and limits carried if applicable?

·	What is the maximum net retention by line of coverage per occurrence?

·	What are the estimated reinsurance limits and attachment points by line of coverage?

·	Copies of current policies for coverages being written.

As part of the Submission, a five-year "pro forma" exhibit should be submitted and include the following information:


·	Capitalization

·	Gross written premium, reinsurance premium ceded

·	Investment income; other insurance income

·	Net losses and loss expenses incurred

·	Reserves for IBNR

·	General and administrative expenses

·	Taxes and other expenses

Ready to Take the Next Step

Contact Us

Richard P. Marshall
President & CEO
NBIS Captive Management Services, Inc.
7047 E Greenway Parkway
Suite 250
Scottsdale, AZ 85254

Phone: (602) 952-9532
Fax: (602) 952-8789

1700 Overlook III
2859 Paces Ferry Road
Atlanta, GA 30339

Phone: (866) 835-6915
Fax: (770) 257-1718

Email: dick@nbis.com

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