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

资深译员Jenny，国内名牌大学法律英语专业，专注翻译各种与重组、破产及重整有关的法律文件。