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Soaring Council irrelevant, RRG will shut down Torrey

 
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dhmartens



Joined: 03 Dec 2006
Posts: 819
Location: Reseda

PostPosted: Fri May 27, 2016 7:00 pm    Post subject: Soaring Council irrelevant, RRG will shut down Torrey Reply with quote Add User to Ignore List

crossposted at ushawks:
http://ushawks.org/forum/viewtopic.php?f=2&t=2510&sid=bc2a236199c6abdd2b07a76d8f12f25c


http://www.sdhgpa.com/minutes-news--articles/category/meeting-minutes

"..Governments require such companies, referred to as self insured or specifically a Risk Retention Group (RRG), to follow organizational laws. The one that matters to us is that the RRG must have two million dollars up front. That money is required to form the company, I guess just to be there in case there is a suit soon after the company is formed. In time each type of insurance the company offers will be self contained, no mingling of premiums between the three insurance policies."

The RRG will provide the oversight by use of their actuarials


POAC Plan Organize Actuate (Control). The RRG will provide that control.
The flight park claims to make $60,00 a year, insurance rates will got up to $100,000 a year.

Eagle Paragliding with an exceptional 10 year record will be asked to run the school, and at super low insurance rates.



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