TITLE 33. INSURANCE AND INSURANCE COMPANIES

CHAPTER 28. CAPTIVE INSURANCE COMPANIES

Part 3. Protected Cell Captive Insurance Companies

Participants In Protected Cell Captive Insurance Companies

33-28-304. Participants in protected cell captive insurance companies. (1) An individual or 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.

History: En. Sec. 4, Ch. 383, L. 2003; amd. Sec. 18, Ch. 518, L. 2007; amd. Sec. 8, Ch. 75, L. 2011.