Insurance carrier

COMMENCEMENT BAY RISK MANAGEMENT

health: 2stopLoss: 2

Funding-model mix

The strategic axis. Fully-insured carriers underwrite the risk; ASO/self-funded carriers admin only. MEWA = multi-employer welfare arrangement.

Benefit-line mix

Contract counts by benefit type. Monoline carriers concentrate in one wedge; full-suite carriers spread across many.

Top states · with penetration index

Plan count by state. Index > 1.0 means over-indexed vs the national share; the carrier dominates that state.

State	Plans	Premium	State share	Index
UT	1	$448K	0.1%	131.45x

Top industries by premium

NAICS-2 sectors where this carrier writes the most welfare premium.

Sponsor-size mix

Plan count by total participants. Mid-market sales motion vs jumbo enterprise looks completely different.

Prospect-flag exposure · vs market baseline

Share of COMMENCEMENT BAY RISK MANAGEMENT's book where each ERISA welfare flag is tripped, alongside the market-wide rate.

1-1 of 1 sponsor where COMMENCEMENT BAY RISK MANAGEMENT is the primary carrier (latest filing per plan)

Sponsor	Loc	Premium	Covered	Funding	Broker
NATIONAL WOOD PRODUCTS, INC. GROUP BENEFITS	UT	$448K	190	fully insured	WELLER INVESTMENTS & RISK MGMT