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21:33 Oct 21, 2005
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English to Arabic translations [PRO] Bus/Financial - Business/Commerce (general) / Business
English term or phrase:protected cell company
II. The Protected Cell Company in a Nutshell
These entities originated in Guernsey, specifically by means of The Protected Cell Companies Ordinance 1997 (as amended by "The Protected Cell Companies (Amendment) Ordinance, 1998")viii. Other offshore jurisdictions have followed the path of Guernsey, including the Cayman Islands with its Segregated Portfolio Companies; Bermuda (which passed the New Providence Mutual Ltd. Private Act allowing a PCC structure for this entity); Mauritius (which approved The Protected Cell Companies Act of 1999 [amended in 2000]); and St. Vincent and The Grenadines with their International Insurance (Amendments and Consolidation) Act of 1998 which allows "protected premium accounts" introducing elements of the PCCix. These regulatory schemes constitute a response to claims and heavy lobby from the captive insurance industry and come to resolve structural inefficiencies of the "rent-a-captive" concept. Before describing the intricacies of the PCC it is necessary to briefly express the background which gave rise to this new corporate structure.
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Here is a link for more info: http://www.legalinfo-panama.com/articulos/articulos_41a.htm
Have you ever come up with an Arabic term for this?
MR. Shazly's English definition is perfect and it is the intended one but I still look for more Arabic term. Thank you
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Answers
1 hr confidence: peer agreement (net): +1
شركة التأمين التابعة الخاصة/ شركة التأمين الذاتي/ شركة تأمين قابضة
Explanation: 10) "Protected cell company" means a domestic insurer or captive insurer that has one or more protected cells."
SECTION 12. Section 38-9-200(B) of the 1976 Code, as last amended by Act 422 of 1998, is further amended to read
DEFINITION OF CAPTIVE INSURANCE COMPANY
A captive insurance company is an insurance company that has been set up to provide coverage at a lower cost than available by going through the general insurance market. The company's stock is controlled by one interest or a group of related interests so as to provide coverage for their business operations. A captive insurance company may be a nonadmitted, nonresident, or foreign insurer. Sometimes it may provide reinsurance to a self-insure or a domestic company.
Explanation: A protected cell company is a special type of corporate body which consists of several cells within the same legal vehicle. A cell is a sub-set within the corporation, which has its own assets, its liabilities, its own cellular capital, its own dividends, accounts, and all. Each cell functions as an independent unit within the umbrella of the corporation, and the debtors and creditors of each cell have no claims against the assets or liabilities of other cells.
Shazly Egypt Local time: 08:00 Works in field Native speaker of: Arabic PRO pts in category: 111
Explanation: This is a new term related to the structure of the major companies, it consider each department as a separate unit, in order to improve the productivity of each department, and as result the overall productivity of the company, for example: if a company have a farm to produce fruits and factory produce jam, the farm will sell the fruits to the factory, so, if the manager of the factory find an other source better than the farm owned by the company, he will buy from it, and if the farm manager find a better buyer then the factory, he will sell the fruits for them.
The main idea here that the company like to keep the strong units and shut down the weak units
also refer to article #27:
Explanation: Protected Cell Company (PCC)
A protected cell company may be viewed as a doughnut, the centre of which is the ordinary share capital of the company around which clusters a number of cells, which are individually capitalised with preference capital. The company may contract for individual cells to carry out certain activities on behalf of the company. However, it should be noted that under the PCC Legislation a cell is capable of going bankrupt in certain circumstances, leaving the core share capital untouched. A PCC is similar to a divisionalised entity, save that each division or cell can go bankrupt without the entire company being placed in jeopardy.
The translation workplace 
