20-1098.06. Protected cell captive insurers; sponsors; participants
A. A risk retention group shall not be either a sponsor or a participant in a protected cell captive insurer.
B. An association, corporation, limited liability company, partnership, trust or any other business entity may be a participant in any protected cell captive insurer formed or licensed under this article.
C. A sponsor may be a participant in a protected cell captive insurer.
D. A participant need not be a shareholder of a protected cell captive insurer or any affiliate of a protected cell captive insurer.
E. Each protected cell shall comply with the restrictions prescribed in section 20-1098.01, subsection A with respect to the risks insured through the protected cell.
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