Nassief Group Reinsurance Ltd

“There does exist a family relationship or a business relationship with the shareholders.”

“The shareholders of nassief reinsurance group ltd. Are marybeth nassief - 25% ownership; helen nassief - 25% ownership; todd nassief - 25% ownership; and sam nassief - 25% ownership.”

“The organization's shareholders have the power to elect or appoint one or more members of the governing body.”

“All governance decisions are reserved solely to its shareholders.”

“A copy of this return has been provided to its officers and shareholders before filing.”

“List the states with which a copy of this form 990 is required to be filed: none”

“Upon written request, the organization's governing documents and its tax-exempt return(s) may be made available for public inspection, as required by section 6104. This written request must be submitted to the attention of the president or director, and maile to the organization's business address.”

“Upon written request, the organization's governing documents and its tax-exempt return(s) may be made available for public inspection, as required by section 6104. This written request must be submitted to the attention of the president or director, and maile to the organization's business address.”

“There is no annual compensation paid to the officers and directors. The addresses and tax identification numbers for the officers and directors are held in the company's records and may be made available upon written request.”

“Additional information pertaining to shareholders' connection to other organizations: todd nassief owns 50% and marybeth nassief owns 50% of toma reinsurance ltd. [fein 98-0341985].”

“Nassief group reinsurance ltd. Reported a change of business address during 2020 by appropriately filing a form 8822-b reporting a change of address.”

“NASSIEF GROUP REINSURANCE LTD. WAS INCORPORATED IN THE WEST INDIES. FURTHER, THE ORGANIZATION DULY FILED A FOREIGN INSURANCE COMPANY RETURN UNDER SECTION 953(d), WHEREBY IT ELECTED TO BE TREATED AS A DOMESTIC CORPORATION FOR U.S. TAX PURPOSES. THE COMPANY'S SECTION 953(d) ELECTION WAS APPROVED BY THE INTERNAL REVENUE SERVICE ON JUNE 24, 1995. NASSIEF GROUP REINSURANCE LTD. HAS RECEIVED A FAVORABLE DETERMINATION TO BE RECOGNIZED AS TAX-EXEMPT UNDER SECTION 501(c)(15) OF THE INTERNAL REVENUE CODE OF 1986.”

“Business transactions of nassief group reinsurance ltd. Include certain reinsurance arrangements that may be substantially similar to those described in irs notice 2002-70 issued december 15, 2002. These business transactions are described as reinsurance, provided by a reinsurer (qualifying as a insurance company for federal tax purposes), of insurance products and contracts produced by one or more affiliated automobile dealerships.”

“The promotor providing accounting, tax preparation and other administrative services: dealer consultant services inc., 2015 moultrie circle, franklin tn 37064.”

“The fronting insurer providing primary coverages and/or administrative services: british colonial insurance co., ltd, 101 green meadows drive south, westerville oh 43081.”

“The affiliated automobile dealerships producing insurance business: nassief chevrolet pontiac cadillac honda, 5456 main avenue, astabula oh 44004 and nassief ford mercury hyundai toyota, 1059 state route 46 north, jefferson oh 44047.”

“It is the understanding nassief group reinsurance ltd. That according to the instructions for the form 990 that "every organization must complete and attach schedule b to its form 990, 990 ez and 990 pf, unless it certifies that it doesn't meet the filing requirements of this schedule by answering "no" on form 990, part iv, checklist of required schedules, on line 2." as well, the form and instructions describe contributions reportable on schedule b as "contributions totaling $5,000 or more (in money or property) from any one contributor". As it was filed, nassief group reinsurance ltd.'s complete 2020 form 990 accurately reported "no" on form 990, part iv, line 2 confirming that it did not receive any contributions totaling $5,000 or more from any one contributor for the tax year.”

“TYPE OF ENTITY - LINE 1(e) - RELATED ENTITY, TOMA REINSURANCE LTD [FEIN 98-0341985] IS AN 831(b) CORPORATION DOMICILED IN NEVIS WEST INDIES.”

“PROFESSIONAL FEES $6,350”

“ROUNDING (1)”

“This 2020 federal return is being filed without a copy of the 2020 naic annual statement, nassief group reinsurance ltd. Is not required to file an annual statement by its domiciliary state. The financial statements for the calendar year ending december 31, 2020 is on file with an executed original of this tax-exempt return as a "pro forma annual statement" in lieu of the naic annual statement.”