Captive Insurance Company

Business, Legal & Accounting Glossary

Definition: Captive Insurance Company


Captive Insurance Company


Full Definition of Captive Insurance Company


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.


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Page URL
https://payrollheaven.com/define/captive-insurance-company/
Modern Language Association (MLA):
Captive Insurance Company. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 28, 2024 https://payrollheaven.com/define/captive-insurance-company/.
Chicago Manual of Style (CMS):
Captive Insurance Company. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/captive-insurance-company/ (accessed: March 28, 2024).
American Psychological Association (APA):
Captive Insurance Company. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/captive-insurance-company/

Definition Sources


Definitions for Captive Insurance Company are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.