other material
confidence medium
sentiment positive
materiality 0.30
Ozop Energy Solutions plans EV extended warranty product via captive insurer EVIC, seeking Delaware DOI approval
OZOP ENERGY SOLUTIONS, INC.
- Ozop Capital formed EV Insurance Company (EVIC) in Delaware on Oct 29, 2021; Ozop owns 100% of EVIC.
- EVIC, DBA Ozop Plus, will offer extended warranties for EV batteries and components beyond manufacturer coverage.
- Regulatory approval from Delaware Department of Insurance is pending; partnering with an A.M. Best A-rated carrier and RMA.
- CEO Brian Conway says product aims to provide 'peace of mind' and add value for EV buyers and auto dealership partners.