Tuesday, July 05, 2011 11:59:14 AM
You are right, this is very big. Lots of T's to cross and i's to dot...."Red Flag" and "Risk Based Pricing" regs just some of the recent stuff.....not to mention approval from each state to write paper there.
If they have gotten to this point, then they have cash set aside for loss reserves, and have gotten regulatory approval from at least one state.
This would indicate that they have established a separate financing entity. I would assume that at this point that financing entity is a wholly owned division....much value here.
If my assumptions are correct, then there should be a paper trail here tied to a state regulatory agency. My guess is Washington....
Nice find Yak....very exciting! Thanks again!
Never argue with an idiot--they'll just drag you down to their level, and then beat you with experience!
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