For the purposes of determining the financial condition of a captive insurance company, including, but not limited to, the maintenance of adequate reserves pursuant to Code Section 33-41-13, the reporting of business affairs pursuant to Code Section 33-41-15, and the examinations and investigations pursuant to Code Section 33-41-16, there shall be allowed as assets of a captive insurance company:
(1) Those assets described in Code Section 33-10-1;
(2) Those assets otherwise authorized by Code Sections 33-41-8 and 33-41-14; and
(3) Obligations for premium payments, provided such obligations are secured by letters of credit, as described in Code Section 33-41-9.
Section: Previous 33-41-5 33-41-6 33-41-7 33-41-8 33-41-9 33-41-10 33-41-11 33-41-12 33-41-13 33-41-14 33-41-15 33-41-16 33-41-17 33-41-18 33-41-19 NextLast modified: October 14, 2016