MANAGEMENT SERVICES
GPW offers a wide variety of financial, tax, and compliance management services tailored to our clients' needs. GPW serves many industries, specializing in automobile dealers, banks, and finance companies with credit-related reinsurance and managing general underwriters (MGUs) allowing these clients to participate in the underwriting profit of the business they produce. GPW provides a unique combination of experienced, talented personnel dedicated to ensuring client success through comprehensive turn-key management services from formation through operations and company wind-up.
Professional Financial & Compliance Management Services
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Preparation of SAP and/or GAAP financial statements
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Preparation of Federal Income Tax returns and other required forms
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Preparation of State Income Tax returns, if required
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Facilitation to auditors and insurance department examiners
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Preparation of domicile compliance forms and reports
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Maintenance of corporate records
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General bookkeeping services
Other Professional Services
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Analysis and evaluation of different producer participation options including: bonus, experience refunds/retro commissions, and the following programs:
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Producer Affiliated Reinsurance Company (PARC)
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Controlled Foreign Corporation (CFC) electing U.S. tax status
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Non-Controlled Foreign Corporation (NCFC)
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Dealer Owned Warranty Company (DOWC)
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Comparison of various administrator/insurer programs
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Valuation of blocks of business and/or companies
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Assistance in policy issuance
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Selecting a fronting insurance carrier (if desired)
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Preparation of the reinsurance agreements
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Assistance with the negotiation of recaptures, bulk transfers, and/or sale of remaining insurance liabilities
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Assistance with IRS audits and issues
