Current through the 2024 Legislative Session
Section 431:19-307 - Delinquency of sponsored captive insurance companiesIn 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 .