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Simple English definitions for legal terms

captive insurer

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A quick definition of captive insurer:

A captive insurer is a type of insurance company that provides coverage for the liabilities of its owner. The owner is usually the only customer and sole shareholder of the company. This means that the company is created solely to insure the risks of its owner. It is also known as a captive insurance company.

A more thorough explanation:

A captive insurer is a type of insurance company that provides coverage for the liabilities of its owner. The owner is usually the sole shareholder and the only customer of the company. This type of insurer is also known as a captive insurance company.

For example, a large corporation may create a captive insurer to provide coverage for its own risks, rather than purchasing insurance from a third-party insurer. The captive insurer can tailor its policies to the specific needs of the corporation and potentially save money on premiums.

Captive insurers are often used by companies in industries with high risks or unique risks that are not well-covered by traditional insurance policies. By creating their own insurance company, they can have more control over their coverage and potentially save money in the long run.

captive insurance company | captive law firm

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JumpySubsequentDolphin
23:31
tusbihun ‘ala khair
HELLO ALL
whos awake \
JumpySubsequentDolphin
23:42
hi SPLITTY!!!
HIII DOLPHYY
stanford finally sent me a status checker tomight
do yall know if "Your file has been submitted for review" just means under review
Dkk
0:08
@SplitterusClitterus: really depends on the school. Could mean they have just received it. Could be it is under review. Could mean they already have a decision for you. For Stanford, idk.
Mmm ok thank you
JumpySubsequentDolphin
1:19
my friend JUST sent me that omg
JumpySubsequentDolphin
1:19
also @renard that shows your IG handle
JumpySubsequentDolphin
1:20
I assume you don’t want to doxx yourself 😧
JumpySubsequentDolphin
1:20
if we send enough messages it will stop showing the message tho!!!!!!!!
JumpySubsequentDolphin
1:21
@renard99: come back and spam messages I only have so many left 😔
JumpySubsequentDolphin
1:23
. . .
Dkk
1:49
@renard99: you shared a post a good friend of mine had liked. Lmfao but respect +1
Dkk
1:49
I laughed at it too +1
1:50
Damn lol
1:50
Follow me brah
JumpySubsequentDolphin
2:01
I followed you
JumpySubsequentDolphin
2:01
don’t dox me ☹️
2:06
Nw I won’t dox you 😎
JumpySubsequentDolphin
2:07
don’t judge my feed either I’m bad at Instagram :/
3:17
has anyone here worked for a DAs office during the school year
3:43
LMFAOOO THE INSTAGRAM POST
m10
3:50
I have no idea how it shows his Insta handle. This makes me an old man.
Dkk
3:52
i think you all are just bullshitting
Dkk
3:54
Y'all are gay af.
Dkk
3:54
Making drama out of nothing like a buncha homosexuals.
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