an insurance undertaking, owned either by a financial undertaking other than an insurance or reinsurance undertaking or a group of insurance or reinsurance undertakings within the meaning of Article 212(1)(c) or by a non-financial undertaking, the purpose of which is to provide insurance cover exclusively for the risks of the undertaking or undertakings to which it belongs or of an undertaking or undertakings of the group of which it is a member, a company that insures the liabilities of its owner. The insured is usually the sole shareholder and the only customer of the captive insurer., kindlustusandja, kelles ei oma osalust teine kindlustusandja ega selle kindlustusandjaga samasse konsolideerimisgruppi kuuluv ettevõtja ning kes võtab kindlustuslepingu alusel üle üksnes temas osalust omava ettevõtja või temaga samasse konsolideerimisgruppi kuuluva ettevõtja riske