captive insurance company

A company that insures the liabilities of its owner.

• The insured is usu. the sole shareholder and the only customer of the company.

— Also termed captive insurer. [Cases: Insurance 1192.]

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词条贡献者

双语律师Matthew，国际知名法学院法律专业，擅长翻译各类与商业秘密起诉与调查相关的法律文件。