What Does Controlled Unrelated Business Mean?
What does Controlled Unrelated Business mean? Read on to discover the definition & meaning of the term Controlled Unrelated Business - to help you better understand the language used in insurance policies.
Controlled Unrelated Business
Risks that are not owned by the captive shareholder but, because of an existing business affiliation for example, a franchise or joint venture relationship the owner of the captive exercises risk management control over the risk.
We hope the you have a better understanding of the meaning of Controlled Unrelated Business.
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