GLOSSARY
This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
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Rent-a-captive

A licensed offshore insurer owned by an outside organization, e.g., a broker, reinsurer, insurance company, or other business enterprise, which makes its services available to other organizations for a fee. The “renting” is accomplished through the purchase of a specific series of preferred shares of stock in the insurer or participation in a profit-sharing arrangement.