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. |