[§431:19-302] Supplemental application materials. In addition to the information required in section 431:19-102(c) and (d), each sponsored captive insurance company applicant that segregates the risks of its participants through one or more protected cells shall file with the commissioner the following:
(1) All contracts or draft contracts between the sponsored captive insurance company and its participants;
(2) A description of the means by which the assets, liabilities, income, and expenses of each protected cell shall be segregated from those of other protected cells in the sponsored captive insurance company, and reported to the commissioner; and
(3) A fair and equitable plan for allocating direct and indirect expenses to each protected cell. [L 2008, c 190, pt of §1]
Section: Previous 431-19-209 431-19-210 431-19-211 431-19-212 431-19-213 431-19-214 431-19-301 431-19-302 431-19-303 431-19-304 431-19-305 431-19-306 431-19-307 431-19-308 431-19-309 NextLast modified: October 27, 2016