A captive insurance company ("captive") is an insurance company that is created by the parent organization to underwrite the insurance needs of its operating affiliates. An oil company might, for example, form a captive insurance company to provide environmental cover to its various exploration, refining, and transportation subsidiaries.
A captive insurance company ("captive") is an insurance company that is created by the parent organization to underwrite the insurance needs of its operating affiliates. An oil company might, for example, form a captive insurance company to provide environmental cover to its various exploration, refining, and transportation subsidiaries.
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