Collisional-radiative models were originally developed to model the competi
tion between collisional excitation and radiative decay under circumstances
in which neither is dominant. However, in the context of fusion plasma phy
sics, collisional-radiative models are now often used to separate plasma co
mponents into 'slow' and 'fast' species, so that only the collisional-radia
tively determined time development of the slow species need be considered e
xplicitly. This paper extends this idea to the description of plasmas which
contain molecules. In order to do so it makes a rather thorough (and some
might say, boring) analysis of the requirements of a valid collisional-radi
ative model, and derives a new set of validity criteria, which are not rela
ted to the equilibrium time-scales. These criteria can also be used to gene
rate all possible collisional-radiative models for a given set of plasma ra
te processes. Details of how this is done and an analysis of the situation
that applies when molecular hydrogen is present in the plasma are presented
.