(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.
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