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Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-63-1621. Participants

Current as of March 28, 2024 | Updated by Findlaw Staff

(a) An association, corporation, limited liability company, partnership, trust, or other business entity may be a participant in a sponsored captive insurance company formed or licensed under this subchapter.

(b) A sponsor may be a participant in a sponsored captive insurance company.

(c) A participant need not be a shareholder of the sponsored captive insurance company or an affiliate of the company.

(d) A participant shall not insure any risks other than its own, its affiliated entities, or of controlled unaffiliated entities.

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Cite this article: FindLaw.com - Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-63-1621. Participants - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-23-public-utilities-and-regulated-industries/ar-code-sect-23-63-1621/

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