Ohio Licenses its First Captive

Imprise Financial PCC has been licensed in Ohio, making it the first captive established in the state since it passed enabling legislation in June 2014. The protected cell company (PCC) has been set up to allow businesses to insure their own commercial risks and the first protected cell has been taken up by NWAN, a third-party administrator of service contracts and warranties for automobiles, recreational vehicles, and motorcycles. NWAN will insure certain contractual liability risks through the…

Ohio Licenses First Captive

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