Browse Arkansas Code titles and sections
23-63-1621. Participants.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-63-1621. Participants.
(a) An association, corporation, limited liability company, partnership, trust, or other business entity may be a participant in a sponsored captive insurance company formed or licensed under this subchapter.
(b) A sponsor may be a participant in a sponsored captive insurance company.
(c) A participant need not be a shareholder of the sponsored captive insurance company or an affiliate of the company.
(d) A participant shall not insure any risks other than its own, its affiliated entities, or of controlled unaffiliated entities.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-63-1621
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:23-63-1621
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 905f6796c951e8ffeaf9273599e7431bae49a0869fc8eb9d3a242c3c0b0b3c17
Source location: content.xml paragraph 34293
Stored source content
23-63-1621. Participants.
(a) An association, corporation, limited liability company, partnership, trust, or other business entity may be a participant in a sponsored captive insurance company formed or licensed under this subchapter.
(b) A sponsor may be a participant in a sponsored captive insurance company.
(c) A participant need not be a shareholder of the sponsored captive insurance company or an affiliate of the company.
(d) A participant shall not insure any risks other than its own, its affiliated entities, or of controlled unaffiliated entities.
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