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.

 

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