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This document provides a comprehensive recap of active captive insurance companies in the state of Hawaii as of December 31, 2012, including details on their forms, coverages, captive managers, and
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How to fill out recap of captives
How to fill out Recap of Captives
01
Gather all necessary financial documents related to the captives.
02
List the captives' names, identification numbers, and relevant information in the designated fields.
03
Fill out financial data such as premiums, claims, reserves, and investment income for each captive.
04
Include any additional notes or comments in the provided section if needed.
05
Review the completed Recap of Captives for accuracy and completeness.
06
Submit the Recap of Captives to the appropriate regulatory body or internal department.
Who needs Recap of Captives?
01
Insurance companies managing captives.
02
Financial analysts monitoring captive performance.
03
Regulatory bodies overseeing captive insurance.
04
Risk management professionals assessing risk exposure.
05
Investors interested in captive insurance opportunities.
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What is Recap of Captives?
Recap of Captives refers to a reporting document that provides a summary of the financial condition and operational data of captive insurance companies.
Who is required to file Recap of Captives?
Captive insurance companies operating in certain jurisdictions are required to file Recap of Captives, often necessitated by state or regulatory bodies overseeing insurance practices.
How to fill out Recap of Captives?
To fill out Recap of Captives, entities must gather relevant financial data, operational metrics, and risk exposure information, then complete the designated forms provided by regulatory authorities, typically including specific entries for assets, liabilities, and premium income.
What is the purpose of Recap of Captives?
The purpose of Recap of Captives is to ensure transparency and regulatory compliance, allowing officials to assess the financial health and risk management practices of captive insurance entities.
What information must be reported on Recap of Captives?
Information that must be reported on Recap of Captives includes total assets, liabilities, capital and surplus, premiums written, investment income, claims paid, and a summary of underwriting results.
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