Captive facility

{
  "id": "MLC-T-INS-000683",
  "term": "Captive facility",
  "field": "Insurance and risk management",
  "definition": "A structure created by a parent organization to insure its own risks, operating as a form of self-insurance. These facilities can be established as single-parent captives for one owner, group captives for multiple organizations, or rent-a-captives where a company uses space in an existing captive. The choice of structure depends on the parent's size, risk profile, and financial objectives.",
  "url": "https://mlchart.com/terminology/insurance/captive-facility/"
}