What Does Alternative Risk Financing Mechanism Mean?

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What does Alternative Risk Financing Mechanism mean? Read on to discover the definition & meaning of the term Alternative Risk Financing Mechanism - to help you better understand the language used in insurance policies.

Alternative Risk Financing Mechanism

Alternative Risk Financing Mechanism

A legal entity, such as a captive insurance company, that assumes from one or more entities the liability to pay their future losses; used as an alternative to commercial insurance.

We hope the you have a better understanding of the meaning of Alternative Risk Financing Mechanism.

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