SUMMARY OF COSTS FOR CLASS 4 OR 5 CAPTIVE INSURANCE COMPANY
ST. Vincent |
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OUR FEES |
GOVT FEES |
TOTAL |
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$ |
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$ |
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$ |
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IBC Formation |
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IBC Incorporation |
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350.00 |
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350.00 |
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IBC Registered Agent/Office Fee |
425.00 |
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425.00 |
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IBC Government Filing fee |
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225.00 |
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225.00 |
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Disbursements |
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100.00 |
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100.00 |
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TOTAL IBC FORMATION COST (a) |
875.00 |
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225.00 |
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1100.00 |
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Insurance Company Application |
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Application Fee |
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250.00 |
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250.00 |
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Due Diligence Fee ($2200 each person) |
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2200.00 |
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2200.00 |
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Application preparation/handling |
3500.00 |
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3500.00 |
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Business Plan Review etc |
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1500.00 |
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1500.00 |
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Attorney Fee |
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1500.00 |
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1500.00 |
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Registered Agent/Office Fee |
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1000.00 |
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1000.00 |
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Disbursements |
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250.00 |
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250.00 |
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INSURANCE APPLICATION COSTS (b) |
7750.00 |
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2450.00 |
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10200.00 |
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TOTAL PRE LICENCE COSTS (a)+(b)= |
8625.00 |
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2675.00 |
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11300.00 |
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SUBSEQUENT FEES |
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Licence Fee |
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n/a |
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1500.00 |
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1500.00 |
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TOTAL COSTS |
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8625.00 |
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4175.00 |
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12800.00 |
