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QualCare announces first licensed cell captive in New Jersey

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QualCare Alliance Networks Inc., of Piscataway, announce Monday the state approved its application for licensure of its newly formed entity, QualCare Captive Insurance Co. Inc., which becomes the first sponsored cell captive approved under New Jersey’s captive insurance regulations.

In an announcement, the company said the formation of QCIC will allow for both QualCare Inc.’s member companies and third parties to participate in the risk-reward opportunities associated with medical stop-loss coverage related to their self-insured medical benefit plans.

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