Arkansas Statutes
§ 23-63-1621 — Participants
Arkansas·Title 23
(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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Legislative History
Amended by Act 2019, No. 521,§ 15, eff. 7/24/2019. Acts 2001, No. 1391, § 21.
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