Captive Domestics

November 2008
Best's Review;Nov2008 Guide to Understanding Insu, p47
Trade Publication
The article offers information about captives which is a form of self-insurance. It is stated that captives are insurers that are created by one or more noninsurance companies to ensure their own risks where the conventional insurance market cannot provide coverage or where there is an opportunity for cost reduction. Moreover, it is observed that captives are domiciled either in a country outside the U.S. or in a state that authorizes them.


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