CAPTIVE INSURANCE FEES

Captive insurance fees are based on how many VLT’s that your corporation operates.

The first year the rate per VLT will be determined by individual assessments of each establishment, and the expectation is that the insurance rates will be very close to the same as your rates where in the previous year.

Every year thereafter each individuals premiums should be reduced (provided that there are no claims made), or possibly increased (if an actual claim was made).

If your establishment has not made any claims, then you will be entitled to an end of the year rebate (that will be credited towards your next years premiums), or a check made out to your corporation that reflects your shareholder dividends based on the Captive Insurance Company’s annual profits.

The method by which this is done has not been set in stone and we would like the members that join the company to participate in deciding which way they prefer to do this through our democratic voting system.