A captive insurance company that allows unrelated parties ("participants")
to use the captive for a fee, thereby eliminating the need for formation and
operation of a new company. The participant may or may not be required to contribute
capital and may or may not be a preferred shareholder in the rental captive.
Provided such use is permitted in a domicile, rental captive participants may
be insureds or noninsureds such as insurance agents. See also
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