Captives

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Across
  1. 3. Insurance company owned by the businesses it insures
  2. 4. When a claim is set up only for tracking and no action is taken
  3. 5. Extra insurance purchased to protect the captive from large claims
  4. 8. Third Party Administrator
  5. 10. Clear, timely communication builds trust with captive members
  6. 11. Money set aside to pay the future cost of a claim
Down
  1. 1. The advisor who helps the member obtain coverage and navigate captive participation
  2. 2. Claims must follow these to ensure fairness and consistency
  3. 4. The portion of risk the captive keeps before reinsurance attaches
  4. 6. The insurance company responsible for making final coverage and claims decisions
  5. 7. A business that owns part of the captive and participates in claims decisions
  6. 9. Set of special rules guiding claim handling for a captive or member