branch captive
A branch captive is a captive insurance company that registers to operate in a state or country other than its domicile state.
branch captive
A branch captive is a captive insurance company that registers to operate in a state or country other than its domicile state.
Additional Information
For example, an offshore captive that qualifies under Internal Revenue Code § 953(d) to be taxed as a US insurer might form a branch in an onshore captive domicile to write lines of business that it does not write in its offshore captive.
