Tennessee has established itself as a leading captive insurance domicile in the United States, offering a favorable regulatory environment and numerous advantages for businesses looking to form captive insurance companies.
“Instead of the business buying the 20 new power units to keep the fleet upgraded, the captive will buy those assets and then lease them back to the operating entity,” Mr. Reznicek said. Captives can also support payrolls for risk management departments, he said.
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