[§431:19-307] Delinquency of sponsored captive insurance companies. In the case of a sponsored captive insurance company, article 15 shall apply; provided that:
(1) The assets of a protected cell may not be used to pay any expenses or claims other than those attributable to the protected cells; and
(2) Its capital and surplus shall at all times be available to pay any expenses of or claims against the sponsored captive insurance company. [L 2008, c 190, pt of §1]
Section: Previous 431-19-214 431-19-301 431-19-302 431-19-303 431-19-304 431-19-305 431-19-306 431-19-307 431-19-308 431-19-309 431-20-101 431-20-102 431-20-103 431-20-104 431-20-105 NextLast modified: October 27, 2016