What does captive insurance company mean?

captive insurance company meaning in Law Dictionary

Captive insurance providers are insurance providers set up using specific goal of funding risks coming from their moms and dad group or teams, nonetheless they occasionally additionally insure risks of team's customers too.

captive insurance company meaning in Business Dictionary

Wholly possessed subsidiary of a corporation providing you with insurance solutions to its mother or father company, also to the moms and dad company's clients and companies.