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Specialized invalidation insurance for California Offsets

The Next-Gen insurance program provides specialized invalidation insurance for high-volume Investors, Suppliers, and Buyers of California compliance instruments. The insurance products and services from the Next-Gen program will promote buy, sell, and trade transactions between the Supplier-Seller and Buyer.         

California cap-and-trade program, launched in 2013, is one of a suite of significant policies California is using to lower its greenhouse gas emissions. California’s program is the fourth largest in the world, following the cap-and-trade programs of the European Union, the Republic of Korea, and the Chinese province of Guangdong. 

The foundation of the Next-Gen Insurance program is a new innovative policy, that is regulation-based policy and maximizes the clarity of coverage for the insurance buyers. Further it is a policy that offers flexibility and one that will thrive when transactions require the Seller-Supplier to purchase the coverage before the Delivery.

The Next-Gen is a partnership with the largest wholesale insurance distributor, AmWINS Group, five global insurance companies, and California Compliance Insurance Solutions. The first insurance product called the NG-3 for CCOs or ARBOCs was released in May of 2019.

NG-3 Coverage Details:

  • The new innovative coverage accommodates multiple successive owners without the coverage degradation that occurs with liability-based coverage.
  • A covered entity-buyer can set-up or pre-negotiate the rates and coverage variables so that compliance or trading departments can add Issuances to the central NG-3 policy.
  • The Insurer can consider for additional premium adding untimely surrender obligation expenses, fines, penalties, and legal expenses. Rates can be set for twelve-months to provide a short-term hedge against volatility.
Schedule an Appointment

Specialized invalidation insurance for California Offsets

The Next-Gen insurance program provides specialized invalidation insurance for high-volume Investors, Suppliers, and Buyers of California compliance instruments. The insurance products and services from the Next-Gen program will promote buy, sell, and trade transactions between the Supplier-Seller and Buyer.         

California cap-and-trade program, launched in 2013, is one of a suite of significant policies California is using to lower its greenhouse gas emissions. California’s program is the fourth largest in the world, following the cap-and-trade programs of the European Union, the Republic of Korea, and the Chinese province of Guangdong. 

The foundation of the Next-Gen Insurance program is a new innovative policy, that is regulation-based policy and maximizes the clarity of coverage for the insurance buyers. Further it is a policy that offers flexibility and one that will thrive when transactions require the Seller-Supplier to purchase the coverage before the Delivery.

The Next-Gen is a partnership with the largest wholesale insurance distributor, AmWINS Group, five global insurance companies, and California Compliance Insurance Solutions. The first insurance product called the NG-3 for CCOs or ARBOCs was released in May of 2019.

NG-3 Coverage Details:

  • The new innovative coverage accommodates multiple successive owners without the coverage degradation that occurs with liability-based coverage.
  • A covered entity-buyer can set-up or pre-negotiate the rates and coverage variables so that compliance or trading departments can add Issuances to the central NG-3 policy.
  • The Insurer can consider for additional premium adding untimely surrender obligation expenses, fines, penalties, and legal expenses. Rates can be set for twelve-months to provide a short-term hedge against volatility.
Schedule an Appointment