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Branch Captive

Branch Captive


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

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