Home > Glossary

Group Captive

Group Captive


Group Captive — a captive that insures the risks of a heterogeneous or homogeneous group of unrelated insureds. Could be a stock captive, a mutual captive, or a reciprocal. In the case of a stock captive, shares could be owned by some or all of the insureds, or by noninsureds, subject to the captive domicile's license classification.

Related Products

User ID: Subscriber Status:Free