Vagabundos insurance - Is it a broker or a licensed insurer?

This is right off of their home page:

The idea of Club rates, for a special, safety-minded group surfaced. As a group our insurance loss ratios are low and this in turn allows the Mexican insurance company to grant lower rates.


Club Management has learned over the years the value of having a Mexican company and Insurance Broker that pays claims timely and helps members out of a jam.

The are obviously sellers. Don't forget to add the required membership at $35 annually.