Protected Cell Captive Insurance Companies

Summary

The law lets sponsors create a new kind of captive insurance company where each participant’s risks are covered by its own isolated pool of assets. It sets capital, reporting and asset‑segregation rules, and gives the Office of Insurance Regulation authority to approve and oversee cells, conversions, mergers and insolvency actions. The goal is to provide clearer protections and oversight for these specialized insurers.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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