33-28-304. Participants in protected cell captive insurance companies.
60 words·~1 min read·
/mt/title-33/chapter-28/part-3/33-28-304·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
33-28-304 . Participants in protected cell captive insurance companies.
(1)An individual or business entity may be a participant in a protected cell captive insurance company.
(2)A sponsor may be a participant in a protected cell captive insurance company.
(3)A participant is not required to be a shareholder of a protected cell captive insurance company or its affiliate.