FAQ

Legal Notices

In this sectionLegal Notices

General Disclaimer

The information on this website is provided for general educational and informational purposes only. It does not constitute an offer to sell insurance, a solicitation of an application for insurance, or formal insurance, legal, tax, or accounting advice. Coverage is subject to underwriting, the terms and conditions of the actual policies issued, and applicable law.

No Guarantee of Results

Illustrative economics, cost comparisons, and member scenarios are hypothetical examples only. Actual results will vary based on claims experience, investment performance, program growth, backup insurance via reinsurance costs, and other factors. Past or illustrative performance is not indicative of future results.

Tax Matters

Any discussion of tax characterization of Independent Account contributions, premium deductibility, or distributions is general in nature. Tax treatment depends on the member’s specific facts, accounting method, and applicable law. Members must consult their own tax counsel or certified public accountant.

Privacy

Information submitted in connection with an exploratory discussion or application will be used solely for the purpose of evaluating potential participation and administering the program. Bearing Risk and its service providers will handle such information with appropriate confidentiality and in accordance with applicable privacy requirements.

Regulatory Status

Ballast Mutual is in the formation stage. No insurance is offered or available until the mutual is properly formed, licensed or authorized as required, and a Policy Issuer arrangement is in place. All descriptions of structure, economics, and process are subject to final documentation and regulatory approval.