Current through L. 2024, ch. 259
Section 20-1098.06 - Protected cell captive insurers; sponsors; participantsA. A risk retention group shall not be either a sponsor or a participant in a protected cell captive insurer.B. An association, corporation, limited liability company, partnership, trust or any other business entity may be a participant in any protected cell captive insurer formed or licensed under this article.C. A sponsor may be a participant in a protected cell captive insurer.D. A participant need not be a shareholder of a protected cell captive insurer or any affiliate of a protected cell captive insurer.E. Each protected cell shall comply with the restrictions prescribed in section 20-1098.01, subsection A with respect to the risks insured through the protected cell.