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These are definitions of the different types of insurance companies operating in Bermuda:

a) Agency Captive -- owned by one or more independent insurance agents to write high quality risks that they control b) Association Captive -- owned by members of a common industry or trade association in order to share the risks of that industry among its members c) Captive of Insurer -- single parent captive owned by a professional insurer and/or reinsurer d) Captive writing 3rd party business -- captive writing a portion of its net premiums from risks which are unrelated to the business of its owners and/or affiliates e) Captive writing connected business -- Class 2 insurer writing risks related to or arising out of the business or operations of its owners and/or affiliates f) Composites -- insurance company writing a combination of life business and general business g) Finite Insurer and/or Reinsurer -- company writing unrelated risks where there are: 1) clearly defined aggregate limits and 2) premiums that reflect the underwriter's anticipated investment income h) Health Care Captive -- owned by a hospital or health maintenance organisation and writing the risks of its owners and/or affiliates i) Long Term (or Life) Insurer and/or Reinsurer -insurance company writing life risks as a direct writer and/or reinsurer j) Multi Owner Captive -- owned by two or more unrelated persons and writing the risks of its owners and/or affiliates k) Professional Insurer and/or Reinsurer - insurance company writing unrelated risks as a direct writer and/or reinsurer l) Pure Captive -- single parent captive writing only the risks of its owners and/or affiliates m) Rent-a-Captive -- owned by unrelated persons and providing captive facilities to others for a fee