Captive

Captive

Captive, or Captive Insurance, refers to a specialized insurance company that is wholly-owned and controlled by its parent company and exists for the purpose of insuring the risks of that parent company and its subsidiaries.
Related terms: cell captive, fronted captive, fronting insurer, group captive, non-fronted captive, pure captivesingle parent captive,

Read an article: What is Captive Insurance, exactly?

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