What does Captive Management Company mean? Read on to discover the definition & meaning of the term Captive Management Company - to help you better understand the language used in insurance policies.
Captive Management Company
A firm in the captive domicile specializing in accounting and other services for captive insurance companies, usually serving as the captive's principal representative in the domicile. The management company usually handles all necessary filings and recordkeeping and deals with other captive service providers such as auditors, actuaries, investment advisers, and visiting insureds.
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