HOME
UNDERSTANDING RENT-A-CAPTIVE Captives are Insurance Companies licensed under special laws that can be used to insure one or more risks. Captives often are owned by the business they insure, be it one large client or numerous small-unrelated ones (a group captive). The business owners insured contribute capital to initially organize the captive, then pay annual premiums to fund the insurance. In a typical group captive all the owner/insured’s share the company’s losses – and profits. Rent-A-Captives or segregated Captive Cells, are specialized types of captives, usually owned by one entity that “rents” individual “cells” of the captive directly to insured’s – or to agents, brokers and program managers wishing to use them to insure their clients. Most captives have been formed in Bermuda or the Cayman Islands in the past, although laws’ authorizing Captive creation has now been passed in some 21 U.S. states.
	F. Darrell Lindsey State Approved Captive/RRG Manager U.S. State Licensed Agent/Broker
		BACK – USE ARROW TO PRINT USE PRINT PREVIEW