An Association Captive is a captive insurance company that is formed by an association to provide insurance coverage for the members of the association.
There are many different types of captive insurance companies, and multiple ways to classify them. The term "Association Captive" is a generic term for a type of group captive. The most common type of of Association Captive is where two or more members of a trade association own the captive. Sometimes, the association itself is the owner of the captive.