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Explore how prisons adapted communication during COVID-19 and the challenges faced by prisoners and their families, emphasizing impacts and innovations.
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Captive families refer to a type of insurance company that is created and owned by a parent company or group to insure the risks of that company and its affiliates.
Entities that have established a captive insurance company to insure their own risks or the risks of their affiliates are required to file captive families.
To fill out captive families, one must complete specific forms as required by regulatory authorities, providing detailed information about the captive's structure, operations, and financials.
The purpose of captive families is to provide more control over insurance costs, risk management, and coverage customization for the parent company and its subsidiaries.
Information that must be reported includes the financial performance of the captive, its underwriting activities, loss reserves, and investment income.
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