Collections staff pursue agents' balances, premiums, notes, loans, subrogation and accounts receivable. Large mortgage portfolios are usually collected through a contract with an outside service agency. Collections in default are referred to collections counsel who are on a straight contingency contract. Manage Assets are managed both in house and by contract with outside consultants. Cash and securities are managed by an investment advisor.
Real estate is managed by property managers.
Operating subsidiaries are managed by consultants. Management of expenses is also considered management of assets. Since our expenses reduce the monies available for distribution to claimants, the more we conserve, the more we are able to distribute to policyholders and other claimants. A disposition plan is prepared for each company. The disposition of assets is done with the help of experts.