An insurance company owned entirely by the policy holder. The policy holder can be a parent company, its clients, subsidiaries, companies in the same industry or trade, and/or service group. If the company only insures the parent and its clients, it is called a pure captive. Like traditional insurance companies, these are established to insure assets or assure against losses from a contingent event.
Related information about captive insurance company:
- Captive insurance - Wikipedia, the free encyclopedia
A captive insurance company can also insure a group of diverse companies; this is called a heterogeneous captive. The captive insurance industry is believed to ...
- A Captive Insurance Company Offers Financial Benefits, if Not ...
Jul 13, 2012 ... Captive insurance companies can save money on premiums, reduce income taxes and transfer money to heirs free of estate taxes, but they ...
- Forming a Captive Insurance Company
Jul 23, 2009 ... Part of a CPA s job is to evaluate the potential tax benefits of various business and estate planning strategies.
- Captive Insurance Companies | Inc.com
A captive insurance company may provide an opportunity for a company that either self insures certain risks to have a current income tax deduction for payments ...
- Captive Insurance Company Definition | Investopedia
A company that provides risk-mitigation services for its parent company. A captive insurance company may be formed if the parent company is unable to find an ...
- Riser Adkisson LLP Attorneys
The firm practices in all areas of captive insurance company planning, including design, structuring, formation, and licensing, as well as consults on myriad ...
- Captive Insurance Company: Definition from Answers.com
Captive Insurance Company Company formed to insure the risks of its parent corporation. Reasons for forming a captive insurance company include: 1.
- Captive Insurance Company Reports
Reports and updates from IRMI on the captive insurance marketplace.