PRIMEX has established underwriting criteria for acceptance as a member company.

 

Failure to comply with any criterion could disqualify an application except in those cases where such noncompliance is judged by the Underwriting Committee as an acceptable risk.

 

The underwriting criteria are as follows:

• Net worth not less than $10 million
• Minimum of 25% of gross revenues related directly to the chemical manufacturing industry
• No history of manufacturing or sales of asbestos
• No more than one paid loss of an amount greater than $1 million in any given annual period
• No direct consumer-oriented pharmaceutical or medical products sales
• Maximum of 10% of gross revenues relating to:

• a) End-use pesticides or herbicides
• b) Commercial handling of hazardous wastes or waste disposal
• c) Military weapons or chemical munitions
• d) Active pharmaceutical ingredients (API) or medical products

 

 

This website is not an offer to sell, nor does it solicit an offer to buy, Primex, Ltd. shares. Such an offer is made only by the offering memorandum and is not made in any jurisdiction where such an offer or sale would be unlawful.