521J.16 Compulsory organizations.
67 words·~1 min read·
/ia/chapter-521j-captive-companies/521j-16·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A captive company shall not join or contribute financially to any plan, pool, association, or guaranty or insolvency fund in this state. A captive company, a captive company’s insureds, a captive company’s parent, and any company affiliated with a captive company shall not receive any benefit from a plan, pool, association, or guaranty or insolvency fund for claims arising out of the operations of the captive company.