33-28-304. Participants in protected cell captive insurance companies. (1) A business entity may be a participant in a protected cell captive insurance company.
     (2) A sponsor may be a participant in a protected cell captive insurance company.
     (3) A participant is not required to be a shareholder of a protected cell captive insurance company or its affiliate.
     (4) A participant shall insure only its own risks through a protected cell captive insurance company.

     History: En. Sec. 4, Ch. 383, L. 2003; amd. Sec. 18, Ch. 518, L. 2007.