Contributions to guaranty or insolvency fund prohibited.

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  • (1) A captive insurance company may not join or contribute financially to any of the following in this state:
    • (a) a plan;
    • (b) a pool;
    • (c) an association;
    • (d) a guaranty fund; or
    • (e) an insolvency fund.
  • (2) A captive insurance company, the insured of a captive insurance company, the parent of a captive insurance company, an affiliate of a captive insurance company, or a member organization of an association captive insurance company may not receive a benefit from:
    • (a) a plan;
    • (b) a pool;
    • (c) an association;
    • (d) a guaranty fund for claims arising out of the operations of the captive insurance company; or
    • (e) an insolvency fund for claims arising out of the operations of the captive insurance company.




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