Insurance company

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One of ISDA’s vaunted netting categories.

Insurance Company: A legal entity, which may be organised as a corporation, partnership or in some other legal form (for example, a friendly society or industrial & provident society in the UK), that is licensed to carry on insurance business, and is typically subject to a special regulatory regime and a special insolvency regime in order to protect the interests of policyholders.
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See also

• ISDA netting categories
• close-out netting
• ISDA Anatomy