ref: reel030483 date: 1930-01-01 content: INSURANCE POOLING FOR VIRGINIA'S LOCALITIES
CONTENTS
PAGE
Nationwide Problem ----------------------------------- 1 VMI Insurance Committee ------------------------------- 3 Description of a Reciprocal Insurance Company --------- 5 Legal Position ---------------------------------------- 7 Requirements for Organizing a Reciprocal -------------- 7 Minimum Capital --------------------------------------- 8 Reinsurance ------------------------------------------- 9 Operational Requirements ------------------------------ 9 Operational Projections ------------------------------- 10 Feasibility ------------------------------------------- 11 The Next Step ----------------------------------------- 11
Appendix A - "Requirements for Organization and Licensing of a Virginia Reciprocal Insurer" ---------------------- 15 Appendix B - Informal opinion from Assistant Attorney General ---------------------------------------------- 17 Appendix C - Summary of Automobile Liability losses based on reports from VMI Survey ---------------------------- 19 Appendix D - Projected Operating Results based on premiums and losses as submitted in VMI Survey ------------------ 20 Appendix E - Pro forma Operating Statement based on premiums and losses for 1973-76 as submitted in VMI Survey ----- 21 Appendix F - VMI Insurance Committee membership roster -- 22 chunkid: 20632 recordid: 1652 page_number: 1