What is SENIOR CAPTIVE?

A captive with greater tax benefits that acts as expanded pure captive. Refer to agency captive, group captive, protected cell company, rentacaptive, and sister captive.

More On This Topic



Link to This Definition
Did you find this definition of SENIOR CAPTIVE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary