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SINGLE-PARENT CAPTIVE - A captive with one shareholder, also known as “pure captive.” There are more known single parent captives than are group-owned captives.

SELF INSURANCE -The process of retaining risk through the maintenance of internal reserves.

SELF-INSURED RETENTION (SIR) - Amount of losses incurred under self-insurance before the excess insurance attachment point.

SERIES LLC CAPTIVES - Series captives are owned by a parent company with individual captives or cells, each pursuant to the captive insurance statutes that define protected cells.