2005 Vermont Code - § 6038. — Delinquency of sponsored captive insurance companies
§ 6038. Delinquency of sponsored captive insurance companies
In the case of a sponsored captive insurance company, the provisions of section 6018 of this title shall apply, provided:
(1) the assets of a protected cell may not be used to pay any expenses or claims other than those attributable to such protected cell; and
(2) its capital and surplus shall at all times be available to pay any expenses of or claims against the sponsored captive insurance company. (Added 2003, No. 55, § 9.)
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