33-28-207. Applicable laws. (1) The following apply to captive insurance companies:
     (a) definitions of property insurance provided in 33-1-210, casualty insurance provided in 33-1-206, life insurance provided in 33-1-208, health insurance coverage provided in 33-22-140, and disability income insurance provided in 33-1-235;
     (b) the limitation provided in 33-2-705 on the imposition of other taxes;
     (c) the provisions relating to supervision, rehabilitation, and liquidation of insurance companies as provided for in Title 33, chapter 2, part 13; and
     (d) the provisions of 33-18-201, 33-18-203, 33-18-205, and 33-18-242.
     (2) This chapter may not be construed as exempting:
     (a) a captive insurance company, its parent, or affiliated companies from compliance with the laws governing workers' compensation insurance; or
     (b) a captive insurance company that is a risk retention group from complying with the provisions of Title 33, chapter 11.
     (3) Except as expressly provided in this chapter, the provisions of Title 33 do not apply to captive insurance companies.

     History: En. Sec. 16, Ch. 298, L. 2001; amd. Secs. 15, 17, Ch. 383, L. 2003; amd. Sec. 3, Ch. 205, L. 2005.