Client Services

Alta Holdings, LLC provides your business with a turn key platform of Captive Insurance Company services including:

Captive Formation

Feasibility Study
A limited analysis of the theoretical and practical aspects of establishing an insurance company, which may include the following:

• Identification of appropriate risk  areas, and the development of related risk transfer  solutions
• Coordination of substantive and  structural input from other key service providers or advisors and  professionals, including actuaries, insurance brokers or agents, accountants  and lawyers
• Outlines for a plan to implement a  captive insurance structure
• Determination of premium ranges,  retentions, capital allocation and developing financial projections for a  captive structure
• Consideration of fronting  arrangements and reinsurance opportunities
• Discussion of accounting, tax, and  regulatory matters, and attention to how such issues are  addressed
• Providing benchmarks for the  performance of the captive structure
• Where applicable or desirable,  financial models
  

• Design of custom tailored business  plans that set out the operation and management of a captive insurance  company
• Establishing 5-year pro forma  financial statements, including a balance sheet, an income statement and a  statement of cash flows
  

• Providing a focal point for all  service providers
• Preparation of application  documentation to submit to regulatory authorities
• Meeting with regulators to discuss  each particular application for establishment/formation of a captive insurance  company
• Continued interface with  regulatory representatives to ensure prompt attention to the application and  the timely completion of the formation process
• Coordination and supervision of  incorporation of the company
• Filing of the application,  supporting and supplemental information and payment of licensing  fees

Captive Management

Accounting
Review and assistance with  preparation of a balance sheet, an income statement and statements of cash  flows (on a monthly or quarterly basis)

• Moderation of NAIC and tax filings  in conjunction with strategic partners, or through coordination of services  with retained professionals
• Coordination of annual insurance  company audits
• Submission of annual reports to  the insurance regulators
  

• Benchmark coverage  and related  premiums
• Preparation of documentation  including applications, policy documents, renewal invitations and premium  payment confirmations and related notices
• Review of third-party  (traditional) insurance documentation, including reinsurance  agreements
• Biannual underwriting  review
• Liaison with actuary and other  professionals and service providers as required
  

• Claims  management
• Coverage  review
• Appointment of claims  administrator
• Appointment of legal  counsel
• Production (limited) of settlement  documentation
• Provision of quarterly claims  reports
• Annual audit of claim  settlements
• Assistance with claims reserves  and liaison with actuary
  

• Monitoring of brokerage, banking  and financial statements
• Quarterly financial  review
• Quarterly review of compliance  with local insurance and corporate legal requirements
• Periodic review of solvency,  capital adequacy and asset allocation requirements
• Production of annual compliance  reports
  

• Coordinating actuarial service  providers to address capital adequacy, reserve valuations, premium, rating  adequacy and the like

Corporate

Corporate governance and pseudo-secretarial service, including items such as:

• Liaison with registered  office
• Liaison with registered  agent
• Production (limited) of corporate  minutes
• Production (limited) of corporate  resolutions
• Coordination of general corporate  law matters and compliance
• Liaison with legal counsel in the  captive domicile

General

• Liaison with the insurance  regulators
• Liaison with key service  providers, including:
  
  • Actuary
  • Auditor
  • Accountant
  • Registered Office
  • Registered Agent
  • Legal counsel
  • Investment Advisor/Manager/ Wealth Manager
• Regular discussion and updates  with clients