Creative Group Captives Can Find Added Benefits.Group captives can bring unexpected benefits to member companies, even in a soft market, said experts in the industry. Robert S Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. . Wilkinson, who has served as treasurer for the Alliance of Community Health Plans Insurance Co., said his group captive captive said of naturally wild or feral animals kept in captivity for educational and scientific investigation with no attempt being made to domesticate them. provides more than stop-loss insurance to its member plans. The members in the group have access to a database with information on expensive health-care cases and various treatments. They also can use the captive's research on the best transplant transplant or graft Partial or complete organ or other body part removed from one site and attached at another. It may come from the same or a different person or an animal. One from the same person—most often a skin graft—is not rejected. centers in the country-a study a single health maintenance organization could not have done alone, Wilkinson said. Wilkinson is executive vice president of plan operations for Univera Healthcare, which was formed after the merger of Health Care Plan and Health Services health services Managed care The benefits covered under a health contract Medical Corporation of CNY CNY In currencies, this is the abbreviation for the China Renminbi. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. Inc. Group captives are formed by several companies that pool their resources to launch their own insurance company Often, the companies are motivated mo·ti·vate tr.v. mo·ti·vat·ed, mo·ti·vat·ing, mo·ti·vates To provide with an incentive; move to action; impel. mo by high prices or volatility in pricing, and they seek to control their own insurance destiny, said George Chaffee, president of Skandia International Risk Management Ltd. Once in a captive, member companies find other added benefits. In a good year, members will receive dividends if their premiums are higher than their claims. In addition, they earn interest that they wouldn't be earning if they paid premiums to a traditional insurer. Chaffee said captives are a "financial tool. A captive can be turned into a profit center." |
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