§431:19-309 Existing licenses. Except as otherwise determined by the commissioner, a captive insurance company that has been issued a certificate of authority by the commissioner pursuant to section 431:19-102 as of July 1, 2008, and is licensed as a class 4 company shall not be required to re-apply for a certificate of authority under this part, but shall otherwise be subject to this part as a sponsored captive insurance company; provided that the commissioner may by order require the captive insurance company to take any action that the commissioner determines is reasonably necessary to bring the captive insurance company into compliance with this part. [L 2008, c 190, pt of §1; am L 2012, c 253, §22]
Section: Previous 431-19-302 431-19-303 431-19-304 431-19-305 431-19-306 431-19-307 431-19-308 431-19-309 431-20-101 431-20-102 431-20-103 431-20-104 431-20-105 431-20-106 431-20-106.5 NextLast modified: October 27, 2016