Japan Society chooses to Hawaii for captive insurance companies

JCB Co. Hawaii has chosen for its captive insurance business, Hawaii Department of Commerce and Consumer Affairs announced Monday.

The Japanese company credit card was issued a license for its new subsidiary of captive insurance, Perm Core Insurance Co., from 1 April Hawaii insurance JP Schmidt said the Commissioner.

The captive insurance companies refers to a company that provided by a wholly owned subsidiary instead of using an outside firm.

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