What Is A Controlled Group For Insurance Purposes. Parent corporation must own 80% of the stock of at least one of the other members of the group. Any type of business entity can be a member of a controlled group for benefit plan purposes (i.e.
A group captive is formed by a group of individuals or entities that come together to jointly own a captive insurance company. A controlled group is any two or more corporations connected through stock ownership in any of the following ways: Controlled groups are driven completely by overlapping ownership, and there are two types — the parent/subsidiary controlled group and the brother/sister controlled group.