Becron Reinsurance Limited

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

“Ronnie fox is a 50% shareholder, and becky grubb is a 50% shareholder.”

“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 attentiion 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 attentiion 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 25% of fox group reinsurance ltd. (fein 62-1538646).”

“Becron reinsurance limited files its final return for the calendar year ending december 31, 2020.”

“BECRON REINSURANCE LTD. WAS INCORPORATED AND COMMENCED BUSINESS ON DECEMBER 20, 2001. THE COMPANY WAS ORGANIZED IN ACCORDANCE OF THE LAWS OF THE ZETLANDS ISLANDS OF THE NEVIS WEST INDIES. FURTHER, THE COMPANY FILED A FOREIGN INSURANCE COMPANY ELECTION UNDER SECTION 953(d), WHEREBY SECTION 953(d) ELECTION WAS APPROVED BY THE IRS ON APRIL 12, 2005. THE ORIGINAL FILING AND THE APPROVAL LETTER IS ON FILE WITH THE COMPANY'S RECORDS. BECRON REINSURANCE LTD. HAS RECEIVABLE A FAVORABLE DETERMINATION TO BE RECOGNIZED AS TAX-EXEMPT STATUS UNDER IRC SECTION 501(c)(15) OF THE INTERNAL REVENUE CODE OF 1986.”

“Reinsurance provided by a reinsurer (qualifying as an insurance company for federal tax purposes) of insurance products and contracts produced by one or more affiliated automobile dealerships.”

“Business transactions of becron reinsurance ltd. Include certain reinsurance arrangements that may be substantially similar to those described in irs notice 2002-70 issued october 15, 2002. These business transactions are described as reinsurance provided by a reinsurer (qualifying as an 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 chevrolet inc. Of clinton tn, 503 south main street, p.o. Box 548, clinton tn 37716 and fox toyota inc. Of clinton tn, p o box 524, clinton tn 37716.”

“It is the understanding of becron 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, becron 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 is the final return for becron reinsurance ltd.”

“This 2020 federal return is being filed without a copy of the 2020 naic annual statement, as becron reinsurance limited 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 as a "pro forma annual statement" in lieu of the naic annual statement and is held with the company records at its business office along with the timely-filed and signed paper version of this tax-exempt return.”