State regulations and the conditional sales contract 
(see the clause entitled INSURANCE) provides that when a customer does not have proof of insurance at the time of sale the automobile  dealer can order insurance to protect their "security interest" and contingent liability in the vehicles they sell/lease.  The Program is designed exclusively  for auto dealers and there is no requirement for the dealer to have an insurance license since the dealer is ordering insurance coverage to protect their security interest and contingent liabilities in the vehicles they sell or lease.  The minimum coverage limits offered in any approved state will meet the state mandated financial responsibility insurance coverage requirements.

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NEWSLETTER

 The Word is Out...The news that there is now a self-insured workers' comp program for auto dealers is beginning to spread.  AD Comp is the first group self-insured workers' comp program to be approved by the State of California, and dealers are becoming much more interested in membership as they get their renewal rates.

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ANNUAL MEMBERSHIP MEETING

  AD-COMP Members Celebrate their sixth annual meeting in Sacramento and are presented with a Power Point Presentation on the financial success of the state's first and largest self insured group. 

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QUOTES

 Garage Liability Application

Workers' Compensation Application

Bond Application

 Vendors Single Interest (VSI) Application