2.Ongoing Interface with the Captive Domicile's Supervisor of Insurance, the United States IRS, and Other Taxing and/or Regulatory Authorities
3.Captive Accounting - Prepare Quarterly Financial Statements, Monthly Bank Reconciliation, Document and Monitor Loan Activity, Etc.
4.Manage Ongoing Lending Relationships in Accordance with Good Commercial Standards
Posted: 16 Aug 2012 07:35 Post Subject:
what is meant by captive management?
Posted: 21 Aug 2012 11:41 Post Subject: Captive Management
A captive is an insurance company set up by its owners primarily to insure its own specific risks. Where the conventional insurance marketplace has not responded to the needs of businesses requiring innovative solutions for large or complex risks.
Posted: 10 Sep 2012 12:28 Post Subject:
Captive insurance established with the specific objective of insuring risks emanating from their parent group or groups, but they sometimes also insure risks of the group's customers.
Posted: 10 Sep 2012 04:20 Post Subject:
Another way to state is Company ABC owns Company DEF. DEF insures ABC. DEF is a "captive insurer" (or reinsurer).