(a) A captive insurance company may provide reinsurance under the Arkansas Insurance Code, on risks ceded by any other insurer.
(b) A captive insurance company may take credit for reserves on risks or portions of risks ceded to reinsurers that are:
(1) Complying with § 23-62-305(a)-(f); or
(2) Not complying with § 23-62-305(a)-(f) upon approval of the captive insurance company's business plan by the Insurance Commissioner.
Section: Previous 23-63-1604 23-63-1605 23-63-1606 23-63-1607 23-63-1608 23-63-1609 23-63-1610 23-63-1611 23-63-1612 23-63-1613 23-63-1614 23-63-1615 23-63-1616 23-63-1617 23-63-1618 NextLast modified: November 15, 2016