Five steps from first call to first policy.

I.Step by step

How The Latitude Plan works

1. 1.Actuarial assessmentAn independent licensed actuary reviews your financials, operations, and existing coverage, then models your real exposure across the 40+ reinsurance lines available in the program. Most of those lines sit outside commercial P&C.
2. 2.Reinsurance company formationThe sovereign tribal domicile charters and licenses your Privately Owned Reinsurance Company as a C-corporation under the 831(a) designation. You own the entity from day one and designate its officers. We walk you through each step and coordinate the paperwork with the domicile.
3. 3.Policy issuanceA licensed third-party carrier with nearly three decades in private reinsurance underwrites and issues the policies, and your operating company purchases them directly. Premiums are generally deductible as an ordinary business expense. Confirm treatment with your tax advisor.
4. 4.Ceding and reinsuranceThe carrier cedes premium to your reinsurance company under a reinsurance treaty. Retained premium could build your reinsurance company's surplus, where investment income may compound.
5. 5.Claims and distributionsYou decide if and when a covered loss is submitted. The carrier reviews and administers each claim, and approved claims are paid from your reinsurance company's reserves. Net of claims, retained underwriting profit could accumulate as your asset. Many owners fold it into succession planning.

II.The economics

The margin is the point.

A meaningful share of every commercial premium dollar never funds claims. It stays with the carrier as overhead and profit. Under The Latitude Plan that margin could flow into an entity you own, where reserves can be invested and claims are paid on risks you actually carry.

• A traditional commercial policy

  Premium funds claims, reserves, and administration. The carrier keeps the rest as its margin (overhead and profit). Once spent, it is rarely recovered.

• The Latitude Plan

  The same claims, reserves, and administration are funded. That same margin could be retained in the reinsurance company you own where, net of claims, it may compound as your asset.

III.Process questions

What owners ask about the process.