33-28-304. Participants in protected cell captive insurance companies. (1) An individual or business entity may be a participant in a protected cell captive insurance company.
(2) A sponsor may be a participant in a protected cell captive insurance company.
(3) A participant is not required to be a shareholder of a protected cell captive insurance company or its affiliate.
History: En. Sec. 4, Ch. 383, L. 2003; amd. Sec. 18, Ch. 518, L. 2007; amd. Sec. 8, Ch. 75, L. 2011.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 28. Captive Insurance Companies
Part 3. Protected Cell Captive Insurance Companies
33-28-301. Protected cell captive insurance company
33-28-302. Qualification of sponsors
33-28-303. Delinquency of protected cell captive insurance company
33-28-304. Participants in protected cell captive insurance companies
33-28-305. Renumbered 33-28-110
33-28-307. through 33-28-309 reserved
33-28-310. Investments by protected cell captive insurance companies