What type of Captives includes Single Parent, Association, and Group?

The type that includes Single Parent, Association, and Group is categorized under captive insurers. Captive insurance is a form of self-insurance where a company creates its own insurance company to finance its risks.

Single parent captives are established to insure the risks of a single owner or parent company, allowing for tailored coverage that directly meets the unique risk management needs of that single entity. Association captives are formed by a group of entities that share a common interest, such as an industry association, which helps them pool resources and risks in a cost-effective manner. Group captives are similar but are built by multiple organizations for mutual benefit, spreading risk across all members.

This structure allows businesses greater control over their insurance costs, improves claims handling, and can also provide tax advantages. Other options such as insurance pools and direct writers, while related to insurance, do not specifically describe the collective of single parent, association, or group captives, which is why captive insurers is the correct classification here.