[§431:19-206] Formation. (a) A special purpose financial captive insurance company may be incorporated as a stock corporation, limited liability company, mutual association, partnership, or other form of organization approved by the commissioner.
(b) A special purpose financial captive insurance company's organizational documents shall limit the special purpose financial captive insurance company's authority to transact the business of insurance or reinsurance to those activities that the special purpose financial captive insurance company conducts to accomplish its purposes as expressed in this part. [L 2008, c 190, pt of §1]
Section: Previous 431-19-115.7 431-19-116 431-19-201 431-19-202 431-19-203 431-19-204 431-19-205 431-19-206 431-19-207 431-19-208 431-19-209 431-19-210 431-19-211 431-19-212 431-19-213 NextLast modified: October 27, 2016