Subpart 2.
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/nc/chapter-58/2-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subpart 2. Protected Cell Captive Insurance Companies.
§ 58-10-500. Forming a protected cell captive insurance company.
(a)One or more sponsors may form a protected cell captive insurance company under this Subpart.
(b)A protected cell captive insurance company shall be incorporated as a stock insurer with its capital divided into shares and held by the stockholders, as a mutual corporation, as a nonprofit corporation with one or more members, or as a manager-managed limited liability company. (2013-116, s. 1.)