| (a) |
Establishment and placement of a sound insurance and reinsurance program, involving actuarial studies; determination of retention levels and stop loss limits; selection of a sound reinsurance structure either by treaty or by facultative placement; and the establishment of policy issuing arrangements. |
| (b) |
Installation of a loss prevention and risk management program, entailing an evaluation of the insurance risks and implementation of a loss prevention program together with continuing monitoring of the effectiveness of such a program. |
| (c) |
Claims management, which includes the evaluation, adjustment and settlement of claims; the selection where necessary of independent adjusters; and the appointment of legal counsel. |
| (d) |
Administrative Services, which include organization of the controlled insurance company; legal and accounting services; and policyholder services. |
| (e) |
Fund Management, involving provision of cash flow analysis; recommendations regarding the establishment of an adequate capital and reserve structure; recommendations regarding the types of investments the controlled insurance company should consider. |
