“Parent” means a corporation, limited-liability company, partnership, association or other
form of business organization that directly or indirectly owns, controls or holds
with power to vote more than 50 percent of the outstanding voting securities of:
1. A pure captive insurer organized as a stock corporation; or
2. The membership of a pure captive insurer organized as a nonprofit corporation.
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 or via Westlaw before relying on it for your legal needs.
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