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Current as of March 28, 2024 | Updated by Findlaw Staff
In the case of a producer reinsurance captive insurance company or a sponsored captive insurance company:
(1) The assets of the protected cell may not be used to pay any expenses or claims other than those attributable to the protected cell; and
(2) Its capital and surplus must be available to pay any expenses of or claims against the captive insurance company at all times.
Cite this article: FindLaw.com - Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-63-1618. Availability of funds - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-23-public-utilities-and-regulated-industries/ar-code-sect-23-63-1618/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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