In the case of a sponsored captive insurance company:
- 1. A protected cell need not be established solely for the purpose of effecting insurance securitizations, but may be established for the purpose of isolating the expenses and claims of a sponsored captive insurance company participant; and
- 2. The sponsored captive insurance company shall attribute all insurance obligations, assets, and liabilities relating to the risks of the participant to the protected cell of the participant.
Laws 2004, HB 2141, c. 334, § 39, emerg. eff. May 25, 2004.