Generally not however in some cases there is a formal contract between the entities in regard to replenishment of surplus or providing other funds if needed.
Ark Royal is its own entity meaning ASI will not pay for their claim. They are no different than any other start up company using an MGA to manage their business. Actually they are one of the worse out there as they are 100% virtual.
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Generally not however in some cases there is a formal contract between the entities in regard to replenishment of surplus or providing other funds if needed.
Ark Royal is its own entity meaning ASI will not pay for their claim. They are no different than any other start up company using an MGA to manage their business. Actually they are one of the worse out there as they are 100% virtual.
If they are separate corporations, then no.
THEIR RATINGS ARE NOT WOTH THE PAPER THEY ARE PRINTED ON