a captive insurance company provides insurance to its corporate owner or owners. true or false?

Expert Solution

True

A "captive insurer" is generally defined as an insurance company that is wholly owned and controlled by its insureds; its primary purpose is to insure the risks of its owners, and its insureds benefit from the captive insurer's underwriting profits.

ekkarill92 answered 2 years ago

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a captive insurance company provides insurance to its corporate owner or owners. true or false?

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