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Friday, 10/19/2012 12:18:18 AM

Friday, October 19, 2012 12:18:18 AM

Post# of 2526
$CNGI What is Captive?
Simply stated, a captive is an insurance company that insures the risks of its owner, affiliated businesses or a group of companies. It issues policies, collects premiums and pays claims. A captive is an insurance subsidiary formed by a company to insure or reinsure the risk of its owners.

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