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