MLchartDataset catalogue

Sponsored captive

Term · Insurance and risk management · MLC-T-INS-003145

An insurance company created by a sponsor, such as an insurer or a consulting firm, that allows multiple unrelated businesses to insure their risks within separate, legally protected cells. Each participant's assets and liabilities are segregated from those of other participants in the captive. This structure is also known as a protected cell company (PCC) or segregated account company.

Table 1. Record
IdentifierMLC-T-INS-003145
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003145",
  "term": "Sponsored captive",
  "field": "Insurance and risk management",
  "definition": "An insurance company created by a sponsor, such as an insurer or a consulting firm, that allows multiple unrelated businesses to insure their risks within separate, legally protected cells. Each participant's assets and liabilities are segregated from those of other participants in the captive. This structure is also known as a protected cell company (PCC) or segregated account company.",
  "url": "https://mlchart.com/terminology/insurance/sponsored-captive/"
}

Record 3,187 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.