"Captive insurer" means:
1. Any pure captive insurer, association captive insurer, agency captive insurer, rental captive insurer and sponsored captive insurer licensed pursuant to this chapter. The term includes a pure captive insurer who, unless otherwise provided by the Commissioner, is a branch captive insurer with respect to operations in this State.
2. Any state-chartered risk retention group.
(Added to NRS by 1999, 3208; A 2005, 2152; 2019, 1709)