58-46-20. Loan to parent or affiliated entity.
A pure, agency, or trust captive insurance company may make a loan to its parent or affiliated entities. No loan to its parent or affiliated entities may be made without prior written approval of the director. A group, sponsored, or special purpose captive insurance company may make a loan to an affiliated entity if prior written approval by the director has been provided. The approval shall be evidenced by a note in a form approved by the director.
Source: SL 1996, ch 287, §20; SL 2009, ch 272, §10; SL 2013, ch 257, §17; SL 2015, ch 257, §6.