Meaning of the term "Captive insurance companies" in Insurance - NEPAL MONETARY SOLUTIONS (NMS)

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Monday, March 3, 2014

Meaning of the term "Captive insurance companies" in Insurance

Captive insurance companies:- 

are limited-purpose insurance companies established with the specific objective of financing risks emanating from their parent group or groups? This definition can sometimes be extended to include some of the risks of the parent company's customers

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