THE FOLLOWING ARTICLE WAS WRITTEN BY BENJAMIN ARTHUR WHITEHOUSE AND WAS ORIGINALLY PUBLISHED IN IRMI.
Adopting good corporate governance best practices is essential to the long-term success of any captive insurance company. This article will discuss a number of salient points that should be a feature of any captive insurance program regardless of size. Good corporate governance practices can help keep a captive focused on its core mission of aiding the risk management program of its owner/insureds. Good corporate governance will help keep the captive in good standing with the regulator and can identify problems before they become serious.
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