Simple – Specific – Flexible
ARBOC Invalidation Insurance
Coverage Template is simple. It will breeze through Legal departments for approval.
Underwriting is streamlined involving an Issuance application and Full Verification Report.
Issuance (s) of ARBOCs are added to the Next-Gen by endorsement.
Minimal maintenance if any is required.
Coverage developed exclusively from coverage research provided by the Supplier-Sellers and Buyer-Covered Entities, from the AB32 Regulation, and from the ARBOC Buy-Sell Contracts that require and use Invalidation Security.
Coverage is intertwined with CITTS and the AB32 Regulation.
The Supplier-Sellers of ARBOCs can purchase invalidation coverage before ARBOCs are delivered, or at Issuance.
Invalidation coverage can be acquired by the Covered Entity-Buyers when Issuances are purchased by from the Suppliers.
Rating is based on:
Number of Issuances
Number of ARBOCs in each Issuance
All the above
Underwriters will consider additional coverage raised in Trading Agreements or Requests for Offers.
The development of the Next-Gen coverage template was a collaborative effort between CA Compliance Insurance Solutions and AmWINS Group, and four global insurance companies are pledging their financial resources behind the Next-Gen coverage.
Together, the Next-Gen Program aims to create an insurance market that will promote efficiencies and scale to drive downward invalidation risk transfer costs. Next-Gen Program also aims to innovate with an eight-year coverage term and insurance for Low Carbon Fuel Standard credits.