MLchartDataset catalogue

Micro-captive

Term · Insurance and risk management · MLC-T-INS-002185

A small insurance company established by a business to insure its own risks, qualifying for favorable tax treatment under Section 831(b) of the U.S. tax code. This structure allows a business to deduct premiums paid to its captive insurer, while the captive's underwriting profits are taxed at a lower rate. To qualify, the captive must meet specific criteria, including receiving less than a certain amount in annual premiums.

Table 1. Record
IdentifierMLC-T-INS-002185
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002185",
  "term": "Micro-captive",
  "field": "Insurance and risk management",
  "definition": "A small insurance company established by a business to insure its own risks, qualifying for favorable tax treatment under Section 831(b) of the U.S. tax code. This structure allows a business to deduct premiums paid to its captive insurer, while the captive's underwriting profits are taxed at a lower rate. To qualify, the captive must meet specific criteria, including receiving less than a certain amount in annual premiums.",
  "url": "https://mlchart.com/terminology/insurance/micro-captive/"
}

Record 2,166 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.