What Does Captive Facility Mean?

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

Captive Facility

Captive Facility

An insurance or reinsurance company, licensed under either commercial or captive insurance laws, used to provide captive insurance to insureds that may share in the facility's ownership or have no ownership position.

We hope the you have a better understanding of the meaning of Captive Facility.

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