other material
confidence high
sentiment neutral
materiality 0.40
Ozop Energy subsidiary Ozop Capital enters advisory agreement with RMA for captive insurance formation
OZOP ENERGY SOLUTIONS, INC.
- Ozop Capital Partners, a majority-owned subsidiary of Ozop Energy, hired Risk Management Advisors for captive insurance company formation.
- Total fee $100,000: $25k cash + $25k restricted stock upfront; another $25k cash + $25k stock upon captive certificate.
- RMA will handle actuarial study, regulatory filings, domicile selection, and legal coordination.
- Captive certificate expected within 60 days; minimum capitalization $250,000.
- Management services for captive are separate; not included in this agreement.