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Definition of

captive insurance company


provider of insurance for customers of parent company an insurance company that has been established by a parent company to underwrite all its insurance risks and those of its subsidiaries. The benefit is that the premiums paid do not leave the organization. Many captive insurance companies are established offshore for tax purposes.

Definitions of ’captive insurance company’ and meaning of ’captive insurance company’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’captive insurance company’ and other financial terms with our online QFINANCE Financial Dictionary.

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