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Captive insurance company
| Глоссарий по оффшорам |
Insurance company established by a companyor international group to provide insurance (or reinsurance) for thepromoter and associates of the promoter.
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Established, английский
Установленный
International, английский
- Международный
- A интернацио- нальный; pseudo~ псевдоинтернациональный alphabet, language
- Профсоюз, имеющий первичные организации более чем в одной стране int – ist
Reinsurance, английский
- The spreading of risk and division of client premiums among insurance companies allowing the sharing of the burden of a large risk.
- Перестрахование
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Committee of advisors, английский
Provides nonbinding advice to thetrustee and trust protector. friendly towards settlor but must stillmaintain independence.
Captive bank, английский
- Bank intended to provide services to the promoter andassociates of the promoter, usually an international group of companies.
- Wholly owned subsidiary of a multinational group of companies whose purpose is to provide banking service to the group and those with whom the group deals. a captive bank is generally located in a tax haven in order to avail itself of the low capital requirements and freedom from exchange control.
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