House Status:
Senate Status:
Senate Status:
2023 Statute
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40-4343. A special purpose insurance captive shall not: (a) Enter into a special purpose insurance captive contract with a person that is not authorized to transact the business of insurance or reinsurance in at least its state or country of domicile; or (b) lend or otherwise invest or place in custody, trust or under management any of its assets with, or to borrow money or receive a loan, other than according to the plan of operation filed with and approved by the commissioner. |
History: L. 2018, ch. 50, § 26; July 1. |
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2024. Powered by KLISS. Rendered: 2024-05-05T21:51:41. Head Rev No: 771666(I)