What is NOT a type of captive insurance?

The concept of a commercial captive insurance is distinct from the types of captive insurance listed in the question. A commercial captive typically refers to an insurance company that is created and owned by a commercial entity primarily to underwrite its own risks or those of its affiliates. This type of arrangement is more aligned with traditional insurance company operations and may not fit within the specific classifications of captive insurance entities designed to serve a more tailored purpose.

On the other hand, single parent captives are established by a single organization to insure its own risks, group captives involve multiple organizations pooling resources to share risk, and rent-a-captives provide individuals or companies with insurance coverage without the need for them to own a captive. Each of these types is characterized by their structural and operational differences, aiming to provide flexibility and risk management tailored to their owners' needs.