What Does Sponsored Captive Mean?
What does Sponsored Captive mean? Read on to discover the definition & meaning of the term Sponsored Captive - to help you better understand the language used in insurance policies.
Sponsored Captive
A single-owner or group-owned rental captive, typically formed as a segregated cell company. The sponsor(s) may or may not have capital at risk. In some domiciles, the sponsor has to be an insurance or reinsurance company.
We hope the you have a better understanding of the meaning of Sponsored Captive.
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