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Insurance Definition: ALTERNATIVE MARKETS

By Compuquotes Team on March 27th, 2008

ALTERNATIVE MARKETS:

Definition:

  • Mechanisms used to fund self-insurance. This includes captives, which are insurers owned by one or more non-insurers to provide owners with coverage. Risk-retention groups, formed by members of similar professions or businesses to obtain liability insurance, are also a form of self-insurance.

Information provided by Insurance Information Institute

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