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

译者Jeffrey，毕业于国内一流的高级翻译学院，擅长翻译各种与首次公开发行/其他股权或债务发行相关的法律文件。