What Does Election Mean?

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

Election

Election

The opportunity for an offshore captive to pay U.S. income taxes directly, rather than have the tax burden fall on its shareholders. There are two types: "C" and "D" elections.

We hope the you have a better understanding of the meaning of Election.

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