Overview
What is Becron Reinsurance Limited?
Becron Reinsurance Limited, based in Franklin, Tennessee, is a specialized organization that provides reinsurance services. As a reinsurer, it supports insurance operations and related activities for affiliated automobile dealerships. This involves offering reinsurance for insurance products and contracts they produce. The organization's sole purpose is to allocate all funds towards these insurance-related endeavors, contributing to the overall stability and risk management of the affiliated dealerships.
Is Becron Reinsurance Limited legitimate?
Becron Reinsurance Limited is a legitimate nonprofit organization registered as a 501(c)(15) entity. Becron Reinsurance Limited submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Becron Reinsurance Limited?
Becron Reinsurance Limited is dedicated to providing reinsurance services for insurance products and contracts produced by affiliated automobile dealerships, with all funds expended exclusively for carrying out the organization's insurance operations and related activities. The company's mission is solely focused on supporting its insurance operations, ensuring that all resources are utilized efficiently and effectively towards this end.
Who is the CEO of Becron Reinsurance Limited?
Ronnie Fox - is the President / Director / Shareholder / 50% Ownership of Becron Reinsurance Limited.
What is the revenue of Becron Reinsurance Limited?
Becron Reinsurance Limited's revenue in 2020 was $2.
Who are the executives of Becron Reinsurance Limited and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Becron Reinsurance Limited?
Becron Reinsurance Limited's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Becron Reinsurance Limited
Becron Reinsurance Limited, functioning as a qualifying insurance company for federal tax purposes, is primarily focused on providing reinsurance for insurance products and contracts produced by its affiliated automobile dealerships. The organization's mission is to allocate all its resources solely for the purpose of executing its insurance operations and related activities. These activities encompass underwriting risks, processing claims, and facilitating financial risk management for the affiliated dealerships. By providing reinsurance, Becron Reinsurance Limited helps its partners manage the financial risks associated with their insurance offerings, ultimately ensuring the stability and reliability of their insurance operations.
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Impact
October, 2024
Becron Reinsurance Limited plays a significant role in the insurance landscape, specifically within the automotive sector. By providing reinsurance to insurance products and contracts associated with affiliated automobile dealerships, it enhances the stability and reliability of coverage for these entities. This support ensures that dealerships can manage their insurance risks more effectively, allowing for smoother operations and financial predictability.
The organization's focus on efficiently utilizing all resources for its insurance operations means that it can concentrate on delivering tailored reinsurance solutions that meet the unique needs of the automotive industry. This targeted approach not only benefits the dealerships but also contributes to the overall health of the insurance market by promoting responsible risk management practices.
Furthermore, by qualifying as an insurance company for federal tax purposes, Becron Reinsurance Limited adheres to a framework that allows it to reinvest in its operations, thereby strengthening its capacity to provide essential reinsurance services. Its presence in Franklin, TN, supports local dealerships and potentially contributes to the regional economy.
In summary, Becron Reinsurance Limited has a substantial impact by reinforcing the insurance mechanisms specifically for automobile dealerships, facilitating their operational success, and fostering a robust risk management environment within the industry.
This information is meant to be a general summary of Becron Reinsurance Limited. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2020.
- Investment Income: $2
- Gross Receipts: $2
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2001
Phone
(615) 599-6386Principal Officer
Ronnie Fox -
Main Address
2015 MOULTRIE CIRCLE, FRANKLIN, TN, 37064
NTEE Category
Code: Y23 - Mutual benefit
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