captive law firm

A law firm staffed by employees of an insurance company.

• These lawyers typically defend insureds in lawsuits covered under the insurer’s liability policies. The insurer’s use of a captive firm to defend an insured raises ethical questions about whether the lawyers will act in the insured’s best interests. — Often shortened to captive firm.

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词条贡献者

译者Anne，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与投资顾问法联邦及地方注册相关的法律文件。