(a) A captive insurance company, including a captive insurance company organized as a reciprocal insurer under this subchapter, shall not join or contribute financially to a plan, pool, association, or guaranty or insolvency fund in this state.
(b) A captive insurance company, its insured, its parent, any affiliated company, any member organization of its association or, in the case of a captive insurance company organized as a reciprocal insurer, a subscriber of the company shall not receive a benefit from a plan, pool, association, or guaranty or insolvency fund for claims arising out of the operations of the captive insurance company.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 63 - Insurance Companies Generally
Subchapter 16 - Licensing and Regulation of Captive Insurers
§ 23-63-1602. Application for license
§ 23-63-1604. Capital requirements
§ 23-63-1605. Surplus requirements
§ 23-63-1609. Suspension and revocation
§ 23-63-1612. Rating organizations
§ 23-63-1613. Pools, plans, associations, and guaranty or insolvency funds
§ 23-63-1614. Premium tax — Definition
§ 23-63-1617. Reorganizations, receiverships, and injunctions
§ 23-63-1618. Availability of funds
§ 23-63-1620. Sponsored captive insurance company — Requirements
§ 23-63-1622. Producer reinsurance protected cell requirements
§ 23-63-1623. Certificate of authority
§ 23-63-1624. Dormant captive insurance company — Definition