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
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.