United States Dealers Reinsurance Company, LLC
An Alabama Series LLC Company
Comparison to typical offshore reinsurance company
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Flexibility – Not limited to just reinsurance
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Can include direct Dealer coverage (not reinsured):
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Hail deductible
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Cancellation coverage
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Limited warranty
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Others
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Each LLC is a separate corporate entity, like an offshore company
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distinct tax‐id and files form 1120PC
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has own trust and other accounts
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separate reinsurance agreements
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makes 831(b) election if premiums under limit
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As US company, it does NOT do the following
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File for 953(d) election
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File any foreign account forms or have exposure to associated penalties (FATCA)
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FBAR (form 114)
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From 8938
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Respond to any government requests for information from US owned foreign companies or future hindrances on offshore operations
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Like BE‐10 survey from Bureau of Economic Analysis in 2015
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Hinder funds transfers to new accounts because of reporting requirements placed on financial institutions
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Alabama is an award‐winning domicile for captive insurance companies
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Costs comparable to T&C companies