segregated cell captive (SCC)
A segregated cell captive is a special purpose insurer (typically operating as a rental captive) that establishes legally segregated cells or underwriting accounts.
Additional Information
The objective is to ensure that assets in one underwriting account may not be used to satisfy liabilities in another underwriting account nor the general (noncellular) liabilities of the SCC. Noncellular assets may or may not be available to satisfy cellular liabilities. This may also be called a segregated portfolio company (SPC), protected cell company, or a separate account company (SAC).
Synonyms
rent a captive
