Insurer-sponsored agency captive

{
  "id": "MLC-T-INS-001877",
  "term": "Insurer-sponsored agency captive",
  "field": "Insurance and risk management",
  "definition": "A type of captive insurance company established by an insurance carrier to allow its independent agents to participate in the underwriting profits and investment income of the business they produce. The captive is owned by the agents, but the primary insurer provides administrative services, underwriting, and often reinsurance. This structure incentivizes agents to write profitable business.",
  "url": "https://mlchart.com/terminology/insurance/insurer-sponsored-agency-captive/"
}