what is a reciprocal insurance corporations
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- Reciprocal Exchange. Reciprocal insurance is used by unincorporated entities, also know as reciprocal inter-insurance exchanges, that have subscribers and or members that have agreed to act in an insurance capacity to share or spread the risk by certain transactions.
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About Us In 2015 those same non-profit corporations formed Arizona Health Reciprocal Insurance Company (AHRIC) to address the tax advantages and cost implications created by the Affordable Care Act. AHRIC is a Self-Funded Reciprocal Captive arrangement domiciled in Arizona and regulated by the Arizona Department of Insurance.
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- Louisiana Health Service & Indemnity Company and Subsidiaries Five-Year Comparative Statement (in thousands)* Consolidated member total includes Blue Cross and Blue Shield of Louisiana, HMO Louisiana, Inc., Southern National Life Insurance Company, Inc. and BlueCard® members. Independent licensees of the Blue Cross and Blue Shield Association 2003 910,530 2004 986,947 2005 1,018,150 2006 1,070,453 2007 1,142,136 Louisiana Health Service & Indemnity Company and Subsidiaries Members Served 2003 – 2007 Number of Medical Members as of december 31 of Corresponding year: *Prior years have been restated for comparative purposes Premium Income Claims Expense Gross Margin Service Revenue and Other Income Commissions Administrative Expenses Operating Income w/o
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- Cross Liability Coverage. What is 'Cross Liability Coverage'. Cross liability coverage is an endorsement that provides coverage for insurance policies that cover multiple parties, and in which one of the parties is held liable for a claim made by another party on the same contract.
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Selinsgrove Area School District An interdistrict transfer/reciprocal agreement is when parents/guardians wish to register/admit/enroll their student(s) at a school other than the designated school that is in their attendance area outside of their district.nder the Federal No Child Left Behind (NCLB) law, schools that do not meet their achievement targets must offer parents the choice of attending another school in the same district. This transfer is given under the option of Title I, Part A School Choice.
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Everything You Should Know About Corporate-Owned Life Insurance Nature and Purpose of COLI. As the name states, COLI refers to life insurance that is purchased by a corporation for its own use. The corporation is either the total or partial beneficiary on the policy, and an employee or group of employees, owner or debtor is listed as the insured(s).
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- Subject: S CORP HEALTH INSURANCE & 125. Most “S” corporations are aware that their “owner-employees” have special tax laws/rules in place regarding their health insurance premiums AND their participation in the “S” corporation’s Section 125 “cafeteria” plan. The 2 primary “owner-employee” rules are:ost “S” corporations are aware that their “owner-employees” have special tax laws/rules in place regarding their health insurance premiums AND their participation in the “S” corporation’s Section 125 “cafeteria” plan. The 2 primary “owner-employee” rules are:
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- Reciprocal Exchange. Reciprocal insurance is used by unincorporated entities, also know as reciprocal inter-insurance exchanges, that have subscribers and or members that have agreed to act in an insurance capacity to share or spread the risk by certain transactions.embers. While companies in medical, insurance and health industries are more likely to take part in a reciprocal insurance exchange due to the nature of the services they provide, a variety of entities can become members or subscribers in a reciprocal.
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Certified Self Insurance Certified Self-Insurance is a program that allows private employers in Texas to self-insure for their workers' compensation losses. The enabling statute is found in Chapter 407 of the Texas Labor Code (TLC). Program rules are in Chapter 114 of the Texas Administrative Code.
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Reciprocal Method of Cost Allocation â Service Department Costing Definition: Reciprocal method is a method of allocating service department costs to other departments that gives full recognition to interdepartmental services.,800. The service departments costs are to be distributed as under: Cost of X: 50% to A, 40% to B, and 10% to Y. Cost of Y: 40% to A, 40% to B, and 20% to X. Required: Transfer the service departments costs to each other and to producing departments.
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Workers Compensation Certificates of Insurance What is a Certificate of Insurance? Exchanging proof of insurance is a common step in the contracting process. A Certificate of Insurance is a document obtainable by request from your insurance company as proof to a third party that your institution is insured.
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What is a state reciprocal agreement? What is a state reciprocal agreement? A reciprocal agreement, also called reciprocity, is an agreement between two states that allows residents of one state to request exemption from tax withholding in the other (reciprocal) state. This can save you the trouble of having to file multiple state returns.
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What is a 'Clearing Corporation' DEFINITION of 'Clearing Corporation'. An organization associated with an exchange to handle the confirmation, settlement and delivery of transactions, fulfilling the main obligation of ensuring transactions are made in a prompt and efficient manner. They are also referred to as clearing firms or clearing houses.
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The Mortgage Group Â® Reciprocal Insurance Exchange. Definition of reciprocal insurance exchange. Related Terms and Acronyms: credit union (CU) A non-profit, cooperative financial institution owned and controlled by the people who use its services, usually a group such as employees in the same company or industry.
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How to Deduct Owner Health Insurance for S Corporations An S-Corporation is a form of business which allows the profits and loss of the corporation to flow through to the owners of the company.
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- In order to get a general idea of how many calories you burn in a day, multiply your current weight by the daily amount of energy used: inactive persons should multiply weight times 14 to 16 calories; somewhat active 16 to 18 calories; and extremely active 18 to 20 calories.110 lbs. A pace for healthy weight loss is two pounds per week. 2  Second, should your calorie counter determine eating less than 1000-1200 calories per day for a woman and 1300-1500 for a man, forgo what the calorie counter says and consume the aforementioned minimums.
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Life insurance Group life insurance (also known as wholesale life insurance or institutional life insurance) is term insurance covering a group of people, usually employees of a company, members of a union or association, or members of a pension or superannuation fund.
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- The company Allstate Corporation is a type of insurance company that is second largest for the personal line insurance among all others in America. The companies even have an insurance operation of personal line in the Canada.
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- Welcome to Physicians’ Reciprocal Insurers. For more than thirty years, PRI has fulfilled doctors’ insurance needs and continues to be a leader in providing coverage to medical professionals, hospitals, and healthcare facilities.Learn more about PRI.elcome to Physicians’ Reciprocal Insurers. For more than thirty years, PRI has fulfilled doctors’ insurance needs and continues to be a leader in providing coverage to medical professionals, hospitals, and healthcare facilities.
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Progressive Corporation The Progressive Corporation is one of the largest providers of car insurance in the United States. The company also insures motorcycles, boats, RVs and commercial vehicles, and provides home insurance through select companies.
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- licensed life and accident and health insurers which are not subject to a substantially similar. regulation in their domiciliary state. This regulation shall also similarly apply to licensed property. and casualty insurers with respect to their accident and health business.
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disability insurance The Brotherhood of Railroad Brakemen provided in its first constitution for death and disability insurance. Beneficiary Features of American Trade Unions James B. Kennedy The old-line companies do not offer the form of disability insurance required by railway employees. Beneficiary Features of American Trade Unions James B. Kennedy The first constitution provided for death and disability insurance. Beneficiary Features of American Trade Unions James B. Kennedy Discover our greatest slideshows
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Company Overview of Distinguished Programs Insurance Brokerage Llc company overview distinguished programs insurance brokerage llc operates as an insurance broker engaged in the business of placing insurance risks with various insurance companies the company is based in new york new york
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Tax Dictionary S corporations are corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes. Shareholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed tax at their individual income tax rates. This allows S corporations to avoid double taxation on the corporate income. S corporations are responsible for tax on certain built-in gains and passive income at the entity level. To qualify for S corporation status, the corporation must meet the following requirements: Be a domestic corporation.
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What is Captive Insurance? - What is a Captive Insurance Company ? A Captive Insurance Company is an insurance company that primarily insures the risks of businesses which are related to it through common ownership. For example, the owner or a group of businesses can form a wholly owned Captive Insurance Company for the purpose of insuring his related companies. The insured businesses pay premiums to the Captive in exchange for insurance. The Captive can be owned by the business owner, his spouse, his relatives, a Trust, or any of the companies he owns.
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Worker's Compensation - Employers - Corporations and Corporate Officers However, if a closely held corporation has no more than two (2) corporate officers and has no other employees, a worker’s compensation policy is not required if both officers elect not to be subject to the Worker’s Compensation Act.
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Illinois Insurance Agents Licensing Guide & FAQ Letters of Certification are obtained in order to apply as a non-resident insurance producer in another state, without moving from Illinois or cancelling your license in IL. Letters of Clearance are used when moving out of the state altogether, and will in effect cancel your license as of the date they are issued.