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Our Process |
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NBIS Captive
provides an array of captive management
services on a bundled and unbundled
basis. We use our own resources
and those of highly qualified
independent service providers.
| Key
Captive Formation Steps |
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Meet with regulatory
representative |
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Reserve name of
captive |
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Elect officers and
directors |
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Select service
providers |
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Prepare
organizational
documents |
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Have feasibility
study performed |
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Develop business
plan |
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Submit captive
application to
selected domicile |
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Certificate of
authority issued |
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Establish bank
account and
capitalize captive |
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Commence writing
business |
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| Our
Services |
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Help develop
business plan |
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Assist with domicile
application
preparation |
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Identify necessary
service providers
and monitor their
activities |
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Assist with
incorporation and
other organizational
documents |
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Preparation of
financial reports |
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Regulatory
compliance and
liaison |
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Filings with
applicable
regulatory
authorities |
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Assists with
reinsurance
placements |
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Maintain appropriate
records |
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Arrange and
coordinate
shareholder and
board of directors
meetings |
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| Typical
Organizational Costs |
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Single Owner |
Group Owned |
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| Management
Fees |
$15,000 -
$75,000 |
$30,000 0
$250,000 |
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| Legal Fees |
$5,000 - $15,000 |
$15,000 -
$40,000 |
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| Auditing,
Actuarial |
$15,000 -
$30,000 |
$25,000 -
$45,000 |
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| Government
Fees |
$5,000 - $20,000 |
$5,000 - $20,000 |
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| Meeting
Expenses |
$5,000 - $10,000 |
$10,000 -
$50,000 |
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Totals |
$45,000 - $150,000 |
$85,000 - $405,000 |
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| Ready to
Take the Next Step |
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| Contact Us |
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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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