Fox Group Reinsurance Ltd

“THeRE DOES EXIST A FAMILY RELATIONSHIP OR A BUSINESS RELATIONSHIP WITH THE SHAREHOLDERS.”

“The shareholders of fox group reinsurance ltd. Are patricia fox hogue 25% ownership; stanley fox 25% ownership; ronnie fox 25% ownership; and becky grubb 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 mailed 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 mailed to the organization's business address.”

“There is no annual compensation paid to the officers and directors.”

“Additional information pertaining to shareholders' connection to other organizations: ronnie fox and becky grubb each individually own 50% of becron ltd. (fein 98-0364980).”

“FOX GROUP REINSURANCE LTD. WAS INCORPORATED IN THE TURKS AND CAICOS ISLAND. FURTHER, THE ORGANIZATION DULY FILED A FOREIGN INSURANCE COMPANY ELECTION UNDER SECTION 953(d) WITH THE FILING OF ITS 1993 FEDERAL RETURN, WHEREBY IT ELECTED TO BE TREATED AS A DOMESTIC CORPORATION FOR UNITED STATES TAX PURPOSES. THE ORGANIZATION'S SECTION 953(d) ELECTION WAS FAVORABLY APPROVED ON MARCH 31, 1995. FOX 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 fox 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 as insurance company for federal tax purposes), of insurance products and contracts produced by one or more affiliated automobile dealerships.”

“The promoter 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: fox toyota, 224 south main street, clinton tn 37716 and fox chevrolet, 503 south charles sevier hwy., clinton tn 37716.”

“It is the understanding of fox 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, fox 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.”

“This 2020 federal return is being filed without a copy of the 2020 naic annual statement, as the fox 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.”