§431:19-101.3  Classes of captive insurance.  Each captive insurance company formed under this article shall be designated and licensed as one of the following classes of captive insurance companies:

     (1)  A class 1 company shall be limited to a pure captive insurance company that only writes business as a reinsurer;

     (2)  A class 2 company shall be limited to a pure captive insurance company that is not a class 1 company;

     (3)  A class 3 company shall be any company formed under this article as an association captive insurance company or a risk retention captive insurance company;

     (4)  A class 4 company shall be a leased capital facility formed under this article; and

     (5)  A class 5 company shall be a reinsurance or excess insurance company formed under this article. [L 1999, c 302, §1; am L 2000, c 36, §3; am L 2005, c 31, §2]