GE 2002

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GE 2002 Reinsurance Program
We Listened.
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Reinsurance
A Tradition of Success Since 1957

• Heritage Insurance Group
• Part of GE Auto Warranty Services
• Began as a Reinsurance Company Formed By Dealers
  
• Today, the Tradition Continues
• Programs Designed and Run By Experts
• Long History in Both the Automobile Industry and
  Reinsurance Business

Program offered and administered by GE Capital
Management Corporation and in Florida,
Arizona, and Wisconsin, by GE Capital
Administrative Services, Inc. (60079)
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Reinsurance
Own and Control Your Own Insurance Company

• Because You Own 100 of the Stock
• You Determine the Officers and Directors of Your
  Insurance Company
• You Also Have the Flexibility to Determine If,
  and How, the Shares Are to be Divided
• Long Term Accumulation of Profits
• If Excess Surplus is Available, You Determine
  When and How Much is to be Distributed

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Reinsurance

• Benefits
• 100 Ownership of Reinsurance Company
• Retain All Investment Income and Underwriting
  Profit
• Ability to Reinsure VSCs and Credit Insurance in
  Same Company
• Some Flexibility / Control of Investments
• Receive Favorable Tax Treatment
• Consult your tax advisor regarding your
  specific situation

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Reinsurance

• Parameters
• 50 VSCs Per Month to Qualify
• 7,500 Formation Fee (3,750 cost plus 3,750
  paid in capital)
• Domiciled in Turks Caicos Islands
• Fixed Administration Fee
• 10 Ceding Fee, Premium Tax and Claims Deducted
  From Account
• Funds Held In Trust Account
• Taxed as a Domestic Insurance Company