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Re: stervc post# 444

Tuesday, 06/10/2008 3:09:00 AM

Tuesday, June 10, 2008 3:09:00 AM

Post# of 644
A few facts about selling Insurance...

1] The Insurance Business is Totally Regulated,
just like Utilities, and Banks, etc.

2] No company, Public or Private, can sell Any
Insurance, Unless They Have Secure ~Cash Assets
to back up ALL PROBABLE CLAIMS, and are able to
pay all valid claims in CASH, ALMOST IMMEDIATELY.

3] Insurance Companies ARE NOT ALLOWED TO MAKE 75%
PROFITS, OR EVEN 10%. If they 'accidentally' make
too much, THEY MUST REDUCE THEIR RATES.

4] All Real Insurance Companies make All Of Their
Profit from 'The Float' ; which is the 'time-lag'
between collecting 'Premiums' , and Paying Out The
Expected Cash Claims. All of the company's profit
comes from earnings on the invested 'float'. And,
the 'investments' must be Very Conservative, to be
considered 'safe' , by the Regulators. Which means,
in today's interest rate market, they won't grow any
faster than 5-8% per year. If they exceed that growth
rate, The Premiums Must Be Lowered.

5] Warren Buffett even admits that his best 'assets'
are Real + Fully Regulated Insurance Companies, like
GEICO. All of GEICO's profits are from earnings on its
very-safely-invested, ~cash float.

6] epti is a ponzi scheme. It has No Secure Cash Assets,
to back up Any Probable Claims; so, epti can't legally
sell Any Kind Of Insurance. But, they can keep dumping
as many pink shares, as possible. As long as longs keep
buying more than they sell.

7] Anyone who pumps epti as an 'Insurance Company' , is
going to be on the list, when the Insurance Regulators
go after epti.

8] epti + its best/helping friends have already been
reported to the SEC + Insurance Regulators in most states
where epti is pretending to be trying to 'sell insurance'.

extra, Sincerely. But, just opinions, Based on Facts.

P.S. ; Advice to longs, and the epti fans who keep trying
to convince more longs to buy. Better 'read up' on the
Rules For Selling Insurance. The Regulators Are Very Good
at Eliminating Insurance Fraud. [Just like Bank Fraud.]
Because, the Real Companies Don't Like Any Ponzi Schemes
Destroying The Public Confidence In Their Real + Very
Profitable Industry.

Averaging-down is profitable, for shorters, only.

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