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单词 captive insurance company
释义

captive insurance company

captive insurance company An insurance company that is totally owned by another organization and insures only, or mostly, the parent company’s risks. In this way the parent organization is able to obtain insurance cover (particularly those classes that are compulsory by law) without having to pay premiums to an organization outside its trading group.

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更新时间:2024/9/21 12:35:30