(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.
(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.
(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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