Skip to Content

program business captive

A program business captive is a captive that insures or reinsures a "program"—that is, a group of homogeneous risks, none of which is individually underwritten.

On This Page

program business captive

A program business captive is a captive that insures or reinsures a "program"—that is, a group of homogeneous risks, none of which is individually underwritten.

Additional Information


It may or may not be owned by the program business agency or producer.

Related Terms