Arkansas Statutes
§ 23-63-1621 — Participants
Arkansas § 23-63-1621
JurisdictionArkansas
Title23
This text of Arkansas § 23-63-1621 (Participants) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ark. Code Ann. § 23-63-1621 (2026).
Text
(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.
Nearby Sections
15
§ 23-1-101
Definitions§ 23-1-103
Compliance with Acts 1935, No. 324, and rules of commission required - Penalties for noncompliance§ 23-1-106
Penalties cumulative - Recovery of penalty not bar to further penalty or criminal prosecution§ 23-1-108
Jurisdiction and venue of actions§ 23-1-110
Actions tried without jury - Exceptions§ 23-1-111
Copies of official papers as evidence§ 23-1-115
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Bluebook (online)
Arkansas § 23-63-1621, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/23-63-1621.