Statutory Min. C&S (§38-90-40)
Insures the risks of association members and affiliated companies.
A branch of an existing alien insurer which is licensed to write business in this state.
Insures the risks of its parent, subsidiaries, and affiliates.
Risk Retention Group
Insures the liability-only risks of its owner/insureds.
Special Purpose Captive
Case by case basis
A captive that does not meet the definition of any other type of defined captive.
Special Purpose Financial Captive
Created to facilitate insurance securitization and other similar transactions which enable insurers to improve capital utilization.
A captive that offers protected cells which may be incorporated or unincorporated.