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 2, 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