‹ Captive Cell Carrying Out Contracts of Insurance › Captive Insurer A Captive Insurer means a: (a) Class 1 Captive Insurer; (b) Class 2 Captive Insurer; or (c) Class 3 Captive Insurer. Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04] ‹ Captive Cell Carrying Out Contracts of Insurance ›