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ICBA Reinsurance Company offers two participation options to potential member banks. The first, participation in the PPS program, is for banks producing more than $75,000 in written premium annually. The second, membership in an LLC, is for banks producing less than $75,000 but more than $15,000 in written premium annually. |
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| The comparison of the estimated dividend to the retro is made when the earned premium for the year equals the written premium. Normally, this would be in a period of approximately three years after the Bank joins the program.
Plus, Tax Advantages: ICBA Reinsurance dividends received by C-Corporations are subject to a 70% exclusion from taxable income, therefore only 30% of the dividend the bank receives is taxable income. |
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| *Annual A&H Net Written Premium: | ||
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