All of the Following Are True About Captive Insurers, except

Multiple Choice

All of the following are true about captive insurers, except:

A) that they are located in locations like Bermuda
B) that claims-settlement often take longer
C) that the parent company or companies save on overhead and profits that they would otherwise pay to third insurance companies
D) that the parent company or companies are in some cases allowed to deduct their premiums from their tax liability