- Single parent captives
- Association captives
- Group captives
- Protected cell/segregated portfolio companies
- Risk retention groups
- Special purpose captives
- Special purpose financial captives
Minimum Capital & Surplus requirements follow: pure captive, $250,000; agency captive, $250,000; association, $250,000; branch, $250,000; special purpose, $250,000; industrial insured, $500,000; sponsored, $500,000. Minimum capital & surplus must be maintained in the form of cash, irrevocable letter of credit,or any other assets as approved by the Commissioner. The Commissioner has the discretion to prescribe additional capital & surplus.