Steps to Review Our Program

Target
Completion
Date

Actual
Completion
Date

A.

Prequalification

1.

Contractor, after reviewing ACIG’s website, completes the initial contact sheet and forwards it to Ashleigh Holmes, membership secretary, at Ashleigh.Holmes@ACIG.com

2.

ACIG reviews the material to confirm that the qualifications of an ACIG shareholder are met. 

3.

If Contractor meets the profile of a desirable ACIG member, ACIG will clear the prospective membership.

4.

If no objection is received from the membership concerning Contractor, Contractor will be advised to complete a membership application and return it to Ashleigh Holmes.

5.

Upon receiving a completed application, a timeline will be developed.

6.

A membership subcommittee of the executive committee will review the validated membership applications and select finalist(s) to be interviewed.  At that time, submissions will be made to ACIG and financial proformas prepared.  The membership subcommittee will then rank the approved prospects in the order they want them to be offered the membership position.

7.

The proposal process begins.

B.

Interviews & Proposal Process

8.

An ACIG safety consultant will do an underwriting review to assist in the underwriting and prepare for the boot camp if Contractor becomes a shareholder.

X-60

9.

By teleconference, ACIG’s CFO, Brad Porter will give a 2-hour financial orientation to Contractor’s CFO using a sample proforma.

X-105

10.

ACIG will prepare a proforma for Contractor and compare it to the current program.

11.

Agent’s and Contractor’s management teams, responsible for the decision, will come to Dallas to review ACIG’s pro forma compared to the expiring program and meet with the key ACIG personnel for an in-depth review of ACIG’s services. 

X-100

12.

During the Dallas meeting, if all parties agree to move ahead, the action plan and timeline will be reviewed which takes the process from a renewal submission to the decision making step.  This is reviewed and approved by Contractor. 

X-100

13.

The ACIG Offering Memorandum is provided to Contractor and Agent at this time.

X-100

14.

In the meantime, Contractor and Agent would attend one of the semi-annual meetings of the ACIG shareholder group.  Interaction with the ACIG shareholders is usually very helpful.

TBD on one of the 2 targeted meetings annually

15.

Claims and safety representatives of Contractor should attend one of the semi-annual claims and safety meetings of the ACIG group.  This allows insights into the ACIG safety and claims culture by interacting with their peers in the shareholder group.

TBD on one of the 2 targeted meetings annually

16.

Contractor and Agent complete their review of the Offering Memorandum with input by ACIG on any questions identified.

X-50

17.

ACIG will deliver its formal proposal at Contractor’s office or by teleconference. 

X-45

18.

Within 30 days, Contractor will make a decision about becoming a member.

X-30

19.

After the decision is made to join ACIG, the shareholder documents are completed and sent to ACIG along with checks for the stock and the subordinated debenture.

X-15

C.

Initiate Project INDEPENDENCE!

20.

ACIG’s loss reduction program begins.

X-Day

21.

Contractor’s Risk Management Boot Camp completed. 

X-Plus 45