Tuesday, January 21, 2014

Steve Kinion's Personal Opinion Regarding The Tribal Domicile of the Delaware Tribe of Indians

In April 2013, captive.com featured the personal opinion of Steve Kinion, Director, Bureau of Captive and Financial Insurance Products, Delaware Insurance Department, regarding The Tribal Domicile of The Delaware Tribe of Indians.

To read his thoughts, please click here.

Friday, January 17, 2014

The Tribal Domicile to Attend Agent Summit on March 10 - 12 in Las Vegas

Tim Houseberg, Commissioner of Insurance, and Charlie Cheek, Registrar, will represent The Tribe Domicile at Agent Summit 2014 on March 10 - 12 at Caesar's Palace in Las Vegas.

Organizers of the annual Agent Summit have announced that the Participation & Reinsurance Symposium will return for a second year in 2014. This year's event will feature a new format designed to give agents a comprehensive review of reinsurance and put them in direct contact with leaders in the segment.

The symposium is scheduled for Monday, March 10, from 9am to 1pm, including a luncheon session. The Tribal Domicile is sponsoring this event and will have information about the first new economically-viable domicile for this segment of the reinsurance industry in a decade (and the first new domestic domicile in 30+ years).

For more information, please visit http://agentsummit.com/highlights/reinsurance-symposium-returns-with-new-format/.

Delaware Tribe Limited Domicile Begins Its Second Year

January, 2013

The Delaware Tribe of Indians, through the Delaware Tribal Financial Services, is pleased to announce its start of a second year as a captive insurance and reinsurance company domicile.

As a sovereign nation and federally recognized Tribe, the Delaware Tribe of Indians has created an innovative alternative to traditional offshore reinsurance domiciles.

"Our program is a limited, focused domicile that specializes in a small segment of the big insurance and reinsurance world," said Chief Paula Pechonick, Delaware Tribe of Indians. "This focus allows us to adopt laws and regulations tailored to fit the needs of these specialized segments."

The domicile targets reinsurance companies allied with vehicle-dealerships producing the typical F&I office risks and with other specialized producers, such as rent-to-own stores.

"Our program is much more than an improved process," said Chief Paula Pechonick, Delaware Tribe of Indians. "It is a more efficient and responsive process that is poised to dramatically change how these insurers and reinsurers interact with their regulators."

DTFS will utilize technology-based communications and filings that DTFS will review and address in hours and days, not weeks and months. There is nothing between you and your regulator.

To learn more about his ground-breaking program, call 680-877-4694 or visit us at the CreditRe Conferences on October 29 - 31 2013 and at the Participation and Reinsurance Symposium on March 10, 2014.

DTFS to Unveil the Tribal Domicile at the CreditRe Risk Transfer and Taxation Conference on October 30, 2013

Tim Houseberg, Commissioner of Insurance, and Charlie Cheek, Registrar, will unveil the Delaware Tribe domicile to over 70 administrators, accountants, and tax professionals that specialize in reinsurance companies owned by vehicle dealers. This Tribal Domicile is the first new economically-viable domicile for this segment of the reinsurance industry in a decade (and the first new domestic domicile in 30+ years).

This annual Conference is part of the three-day F&I Office Protection Products Conference hosted by CreditRe. While Tim and Charlie will not be presenting on the other two days, they will be available for individual or group meetings throughout the conference at the Embassy Suites Dallas-DFW Airport North Outdoor World hotel in Grapevine, Texas on October 29 – 31.



For more details or to register for the conference, please visit CreditRe’s website: http://www.creditre.net/events.aspx.