What Does Group Owned Captive Mean?

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

Group Owned Captive

Group Owned Captive

A captive owned by more than one shareholder, or with more than one member, in the case of a mutual or reciprocal form of organization.

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

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