Colorado became the first domicile in the United States to authorize the formation of captives with the passage of the Colorado Captive Insurance Company Act in 1972.
What does CIC stand for?
CIC stands for Captive Insurance Company
This definition appears very rarely and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of CIC
We have 692 other meanings of CIC in our Acronym Attic
- Campus Information Centers (University of Michigan)
- Canada Immigration Center
- Canada-Israel Committee
- Canadian Immigration and Citizenship
- Canadian Innovation Centre
- Canadian Insurance Course (Canadian Securities Institute)
- Canadian International College (New Cairo, Egypt)
- Canadian Islamic Congress (religious group)
- Capital Investment Committee (various locations)
- Capital Investment Council
Samples in periodicals archive:
Captive Insurance Company Basics--A Changing Picture For many executives, the term "captive insurance company" still has some negative connotations.
CAPTIVE INSURANCE COMPANIES In the simplest terms, a captive insurance company is a separate company established for the sole purpose of insuring the operations of its parent company.
a Cayman based reinsurance company on May 25 announced the formation of its sponsored captive insurance company subsidiary, United Insurance Co.
Smaller companies, however, always found that forming a captive insurance company was difficult to justify on the basis of the economics of the transaction.
CCRRG is now licensed as a mutual, industrial insured captive insurance company by the South Carolina Department of Insurance.
recently unveiled its business plan to create a sponsored association captive insurance company in the District of Columbia.
Concerns about legal issues like this are in addition to the insurance and business risk issues inherent in captive insurance company transactions.