(a) A captive insurance company, including a captive insurance company organized as a reciprocal insurer under this subchapter, shall not join or contribute financially to a plan, pool, association, or guaranty or insolvency fund in this state.
(b) A captive insurance company, its insured, its parent, any affiliated company, any member organization of its association or, in the case of a captive insurance company organized as a reciprocal insurer, a subscriber of the company shall not receive a benefit from a plan, pool, association, or guaranty or insolvency fund for claims arising out of the operations of the captive insurance company.
Section: Previous 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 23-63-1619 23-63-1620 NextLast modified: November 15, 2016