Mutual insurer Mutual insurer is an insurance corporation owned by the policyholders, who elect the board of directors. The board appoints
Foreign insurer Foreign insurer is an insurance company chartered by one state but licensed to do
Captive insurer Captive insurer is an insurance company established and owned by a parent firm in order to insure its loss exposures while reducing premium costs, providing easier access to a reinsurer, and perhaps
Definition
[ n.]