2014 North Carolina General Statutes
Chapter 58 - Insurance.
Article 10 - Miscellaneous Insurer Financial Provisions.
§ 58-10-500 - Forming a protected cell captive insurance company.
58-10-500. Forming a protected cell captive insurance company.
(a) One or more sponsors may form a protected cell captive insurance company under this Subpart.
(b) A protected cell captive insurance company shall be incorporated as a stock insurer with its capital divided into shares and held by the stockholders, as a mutual corporation, as a nonprofit corporation with one or more members, or as a manager-managed limited liability company. (2013-116, s. 1.)
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