An association captive is owned by

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Multiple Choice

An association captive is owned by

Explanation:
Association captives are owned by the member organizations that form the association. This setup lets multiple employers or groups come together to create a single captive insurer to cover their risks, giving them shared control over underwriting, pricing, and claims management. The ownership is by the policyholders—the participating organizations—not by an individual, a government entity, or a broker, which is why this structure is described as being owned by a group of organizations.

Association captives are owned by the member organizations that form the association. This setup lets multiple employers or groups come together to create a single captive insurer to cover their risks, giving them shared control over underwriting, pricing, and claims management. The ownership is by the policyholders—the participating organizations—not by an individual, a government entity, or a broker, which is why this structure is described as being owned by a group of organizations.

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