Consolidated Captive

Definition of "Consolidated captive"

Evone Kolodziej real estate agent
Evone Kolodziej, Real Estate Agent JP & Associates

Consolidation of a non insurance parent company with its wholly owned subsidiary, thereby creating, allowable under current tax law, a consolidated balance sheet. This consolidation of balance sheets permits the offsetting of underwriting losses with taxable income of a non insurance subsidiary.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Insurance Terms

Popular Insurance Questions