Question: What is a captive insurance company, and why might a business choose this structure?Answer: A captive insurance company is an insurer established by a business to provide coverage primarily for its risks. It can offer more control and potential cost savings.Example:
|
Is it helpful?
Yes
No
Most helpful rated by users:
- Explain the concept of deductibles in insurance.
- Explain the concept of subrogation in insurance claims.
- How do insurance companies assess risk in the underwriting process?
- What factors can influence auto insurance premiums?
- What is the role of an underwriter in insurance?