Four Points Re - Structure





	The basic structure will generally involve the following parties: PARTICIPANT The Participant is the party to the transaction that is the primary risk taker. They are generally either the insured company or an individual. In most cases, the Participant will be responsible for expenses and losses that are limited to a specified per occurrence amount, up to a program aggregate. The Participant will be credited with underwriting profits or losses. The Four Points Facility is a mechanism that legally enables the Participant to operating under insurance company laws and regulations and therefore take risk on a specific insurance transaction.

	POLICY ISSUING CARRIER The Participant will obtain coverage from an insurance carrier who will issue the appropriate policy or policies. The carrier will have any required licenses to issue policies in the applicable jurisdictions. The carrier will pay all required premium taxes, fees, assessments, etc. The carrier will collect the premiums and cede all or a portion of the risk to the rent-a-captive, Four Points Re SPC, Ltd, after deducting amounts to cover certain program costs and the carrier's profit. FOUR POINTS RE, SPC LTD. Four Points Re, SCP LTD. is an insurance company licensed in the Cayman Islands. It will enter into a reinsurance agreement with policy issuing carriers for risks of Participants in the program. CLAIMS ADMINISTRATOR The policy issuing carrier may act as the claims administrator or this service may be delegated by contract to a third party administrator. REINSURER(S) If the policies issued contain insurance risk that the insured does not wish to bear through its participation in the Program, the risk may be retained by the policy issuing carrier, ceded by the policy issuing carrier to other reinsurers, or retroceded by Four Points to other reinsurers. REINSURANCE AGREEMENT The reinsurance agreement between Four Points Re SPC, Ltd and the ceding company (the policy issuing carrier) specifies the portion of the Participants' insurance risk that will be ceded to Four Points. INSURANCE POLICY This is a contractual agreement between the Participant (the Insured) and the policy issuing carrier. It details the terms and conditions of the insurance coverage and meets any requirements of the applicable jurisdiction. CLAIMS ADMINISTRATOR The policy issuing carrier may act as the claims administrator or this service may be delegated by contract to a third party administrator.