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Get the free Forming a Captive in the District of Columbia - disb - DC.gov - disb dc

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GOVERNMENT OF THE DISTRICT OF COLUMBIA DEPARTMENT OF INSURANCE, SECURITIES AND BANKING 1050 First Street, NE, Suite 801 Washington, DC 20002Application for Approval to Act as a Captive Manager 1.
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Forming a captive is the process of establishing a subsidiary insurance company to provide coverage for the risks of its parent company.
Companies looking to self-insure their risks may be required to file forming a captive in order to establish a captive insurance company.
To fill out forming a captive, companies must provide detailed information about the risks they intend to cover, financial projections, and regulatory compliance documents.
The purpose of forming a captive is to provide a cost-effective way for companies to insure their risks, improve risk management, and potentially generate profits through underwriting income.
Information such as risk profile, financial statements, business plan, and compliance documents must be reported on forming a captive in.
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