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SEARCHCNA National has passed the $100-million mark in payments to dealers through its various profit participation plans.
Scottsdale, Ariz. — CNA National has passed the $100-million mark in payments to dealers through its various profit participation plans, according to Alan Miller, senior vice president of sales.
As of the period ending June 30, inception-to-date payments total more than $110 million paid to dealers nationwide.
“Our Dealer Equity (DE) program, first available in 1992, has long set the standard for service contract participation programs,” Miller says. “It is straightforward, clearly explained and consistently pays both underwriting profit and investment income to participating dealers.”
In 1999 CNA National began offering reinsurance through Dealer Equity Re. Today it is one of the few companies in the industry to give dealers a choice of structures including a single-owner CFC (controlled foreign corporation) or a very successful multi-dealer NCFC (non-controlled foreign corporation).
“The strength of our programs lies in the fact that dealers can select the program that will best serve their particular needs and accomplish their individual goals for the development of additional income,” explains Miller.
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