Delaware § 6936 Participants in sponsored captive insurance companies

Delaware Statutes

§ 6936 — Participants in sponsored captive insurance companies

Delaware·Title 18·Part Insurance·Ch. 69 CAPTIVE INSURANCE COMPANIES·Subch. Sponsored Captive Insurance Companies

(a)Any person may be a participant in any sponsored captive insurance company.

(b)A sponsor may be a participant in a sponsored captive insurance company.

(c)A participant need not be an owner of the sponsored captive insurance company or any affiliate thereof.

(d)Except as otherwise approved by the Commissioner, a participant may insure through a sponsored captive insurance company only its own risks and the risks of its affiliates who are participants.

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(a) Any person may be a participant in any sponsored captive insurance company.

(b) A sponsor may be a participant in a sponsored captive insurance company.

(c) A participant need not be an owner of the sponsored captive insurance company or any affiliate thereof.

(d) Except as otherwise approved by the Commissioner, a participant may insure through a sponsored captive insurance company only its own risks and the risks of its affiliates who are participants.

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