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| | Department of Insurance, Securities and Banking: DC Captive Domicile Information |
 | | The Captive Insurance Company Act of 2004 provides significant new opportunities for large organizations to insure themselves instead of seeking insurance on the commercial market. |
 | | A captive insurance company, or captive, is an insurance company owned by members of a common industry or trade association in order to share the risks of that industry among its members. |
 | | Captives allow associations, organizations and groups to take financial control and manage risks by underwriting their own insurance rather than paying premiums to third-party insurers. |
| disr.dc.gov /disr/cwp/view,a,1300,q,577377,disrNav,|32821|.asp (193 words) |
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