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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
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What is forming a captive in?
Forming a captive is the process of establishing a subsidiary insurance company to provide coverage for the risks of its parent company.
Who is required to file forming a captive in?
Companies looking to self-insure their risks may be required to file forming a captive in order to establish a captive insurance company.
How to fill out forming a captive in?
To fill out forming a captive, companies must provide detailed information about the risks they intend to cover, financial projections, and regulatory compliance documents.
What is the purpose of forming a captive in?
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.
What information must be reported on forming a captive in?
Information such as risk profile, financial statements, business plan, and compliance documents must be reported on forming a captive in.
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