What does Single Owner Captive mean? Read on to discover the definition & meaning of the term Single Owner Captive - to help you better understand the language used in insurance policies.
Single Owner Captive
A captive with a single shareholder. May be referred to as a "single parent" captive. The single-owner captive is not necessarily a "pure" captive since it may be used primarily to insure or reinsure nonshareholder risks.
We hope the you have a better understanding of the meaning of Single Owner Captive.