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Captive insurance company
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Captive insurance company
Captive insurance company
Submitted by Intuit Tax Advisor Team on 02-14-2023 07:24 PMA captive insurance company is a wholly owned subsidiary created to provide insurance to its non-insurance parent company. Captive insurance companies are essentially a form of self-insurance whereby the insurer is owned wholly by the insured. This strategy is used to overcome the non-deductibility of self-insurance payments.
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