Captives other than organized as risk retention groups, the insurance commissioner has the discretion to allow less than or more than the minimum required capital according to the type, volume and nature of the insurance or reinsurance business as necessary for the captive to meet its obligations.
- Pure Captive: USD 50,000
- Sponsored Captive: USD 75,000 for general account; the minimum capital for each cell depends on risks taken.
- Branch Captive: USD 50,000
- Sponsored Captive Licensed as a Special Purpose Financial Captive: USD 250,000
- Special Purpose Financial Captive: USD 250,000
- Association Captive: USD 250,000
- Agency Captive: USD 250,000
- Industrial Insured Captive: USD 250,000
- Risk retention group: USD 1,000,000
- Dormant: USD 15,000