Types of Captives

Type	Statutory Min. C&S (§38-90-40)	Description
Association Captive	$750,000	Insures the risks of association members and affiliated companies.
Branch Captive	$250,000	A branch of an existing alien insurer which is licensed to write business in this state.
Industrial Insured Captive	$500,000	Insures the risks of industrial insureds that comprise the industrial insured group and affiliates
Pure Captive	$250,000	Insures the risks of its parent, subsidiaries, and affiliates.
Risk Retention Group	$500,000	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	$250,000	Created to facilitate insurance securitization and other similar transactions which enable insurers to improve capital utilization.
Sponsored Captives	$250,000	A captive that offers protected cells which may be incorporated or unincorporated.