cell-owner

Croatian translation: korporativna tvrtka/grupa

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:cell-owner
Croatian translation: korporativna tvrtka/grupa
Entered by: LogosART

17:03 Aug 27, 2015
English to Croatian translations [PRO]
Bus/Financial - Insurance
English term or phrase: cell-owner
Primjer točke:


"PCCs generally offer a ‘rent-a-captive’ facility to cell-owners investing assets which become attributable to their specific cell (cellular assets) and are segregated from other cells’ assets and the PCC’s core assets."
Ivana Bojcic
Croatia
korporativna tvrtka/grupa
Explanation:
What is a cell captive arrangement?

A registered insurance company (“insurer”) and a corporate (“cell owner”) enter into a shareholder’s agreement in terms of which the corporate “purchases” a cell captive (“cell”), which is an insurance vehicle created by the insurer.

The insurer’s insurance license is extended for use by the cell owner for the insurance of:

its own assets, for example its own buildings (“first party cells”) or
the assets and/or lives of its customers or employees, for example cell phones of customers of a cell phone network provider (“third party cells”).
http://www.kpmg.com/za/en/issuesandinsights/articlespublicat...

corporate
adjective
relating to a large company or group: airlines are very keen on their corporate identity.
• Law (of a large company or group) authorized to act as a single entity and recognized as such in law. local authorities, like other corporate bodies, may reduce capital spending. the rules set by the corporate organization.
• of or shared by all the members of a group: the service emphasizes the corporate responsibility of the congregation.

noun
a corporate company or group. > korporativna tvrtka/grupa
Selected response from:

LogosART
Croatia
Local time: 21:46
Grading comment
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Summary of answers provided
4korporativna tvrtka/grupa
LogosART


  

Answers


3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
korporativna tvrtka/grupa


Explanation:
What is a cell captive arrangement?

A registered insurance company (“insurer”) and a corporate (“cell owner”) enter into a shareholder’s agreement in terms of which the corporate “purchases” a cell captive (“cell”), which is an insurance vehicle created by the insurer.

The insurer’s insurance license is extended for use by the cell owner for the insurance of:

its own assets, for example its own buildings (“first party cells”) or
the assets and/or lives of its customers or employees, for example cell phones of customers of a cell phone network provider (“third party cells”).
http://www.kpmg.com/za/en/issuesandinsights/articlespublicat...

corporate
adjective
relating to a large company or group: airlines are very keen on their corporate identity.
• Law (of a large company or group) authorized to act as a single entity and recognized as such in law. local authorities, like other corporate bodies, may reduce capital spending. the rules set by the corporate organization.
• of or shared by all the members of a group: the service emphasizes the corporate responsibility of the congregation.

noun
a corporate company or group. > korporativna tvrtka/grupa

LogosART
Croatia
Local time: 21:46
Native speaker of: Dutch
PRO pts in category: 12
Grading comment
hvala
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