- (a) Associations, corporations, limited liability companies, partnerships, trusts and other business entities may be participants in any protected cell captive insurance company formed or licensed under this chapter.
- (b) A sponsor may be a participant in a protected cell captive insurance company.
- (c) A participant shall not be required to be a shareholder of the protected cell captive insurance company or any affiliate thereof.
- (d) A participant shall insure only such participant's own risks through a protected cell captive insurance company, unless otherwise approved by the commissioner.
L. 2025, ch. 99, § 6; July 1.