Among the programs with much potential to help members is the new ASAE Insurance Company (AIC), a sponsored association captive
has affirmed the financial strength rating of A (Excellent) and issuer credit rating of "a+" of The Farm Credit System Association Captive
Insurance Company (FCSAC) (Greenwood Village, CO).
Hartford's structure for its program segment brings together group captives, agency and association captive
business and specialty business.
Century Casualty also provides underwriting management and policy processing services for group and association captive
Newly licensed as a sponsored association captive
insurance company under the District of Columbia's Captive Insurance Company Act of 2000, AIC provides captive insurance benefits to qualifying associations.
A wholly owned captive is, as you would imagine, an insurance company owned by one company, typically the insured, while a group or association captive
is one shared by multiple businesses (either through a formal association or an informal relationship in which the risk is homogenous).
An association captive
is usually formed to stabilize insurance costs for its members.
gave a presentation, via teleconference, to the Board of Directors of PURMA (Public Utilities Risk Management Association), and the Board of Directors of PURMA's association captive
, Public Utility Mutual Insurance Company (PUMIC).
a Bermuda association captive
, and President of Drayton Insurance Risk Retention Group, Ltd.
Labrie says that in 1987, an association captive
handled product lines a risk retention group is forbidden from handling: property, workers' comp, fidelity and boiler.
There were also one industrial insured captive and one association captive
For instance the statutory minimum of a pure captive in Vermont is $250,000, and for an association captive
, it's $750,000.