Types of Captives


Statutory Min. C&S (§38-90-40)


Association Captive


Insures the risks of association members and affiliated companies.

Branch Captive


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


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.

Sponsored Captives


A captive that offers protected cells which may be incorporated or unincorporated.