Rental captive

Term · Insurance and risk management · MLC-T-INS-003723

An arrangement in which an organization pays a fee to use the capital and licence of a captive insurer owned by a sponsor instead of forming its own. The renter's premiums and losses are tracked in a separate account or, in a protected cell structure, in a legally segregated cell. Segregation is only contractual in a traditional rental, while a protected cell company statute gives cell assets legal protection from the host's other creditors.

Table 1. Record
Identifier	MLC-T-INS-003723
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-003723",
  "term": "Rental captive",
  "field": "Insurance and risk management",
  "definition": "An arrangement in which an organization pays a fee to use the capital and licence of a captive insurer owned by a sponsor instead of forming its own. The renter's premiums and losses are tracked in a separate account or, in a protected cell structure, in a legally segregated cell. Segregation is only contractual in a traditional rental, while a protected cell company statute gives cell assets legal protection from the host's other creditors.",
  "url": "https://mlchart.com/terminology/insurance/rental-captive/"
}

Record 2,913 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.