A growing trend in insurance coverage is an investment into a captive insurance plan. According to Caitlin Morgan Insurance, this investment is an alternative to traditional provider coverage, in that the insurance company is a wholly-owned subsidiary insurance company owned by its insureds. It is considered a viable insurance program regulated by a state department of insurance, but those who are insured are limited. The captive can be formed from a single parent company or by multiple organizations in a collective group. Usually, those in group work in the same industry or share similar risks and exposures.