Effective – 28 Aug 2007 379.1340. Branch captive may be established, when. — 1. A branch captive may be established in this state in accordance with the provisions of sections 379.1300 to 379.1350 to write insurance, including insurance or reinsurance of the employee benefit business of its parent and affiliated companies which is subject to […]
Effective – 28 Aug 2007 379.1342. Trust fund required for branch captive insurance company. — In the case of a branch captive insurance company, as security for the payment of liabilities attributable to the branch operations, the director shall require that a trust fund, funded by an irrevocable letter of credit or other acceptable asset, […]
Effective – 28 Aug 2007 379.1344. Certificate for branch captive insurance companies. — In the case of a captive insurance company licensed as a branch captive, the alien captive insurance company shall petition the director to issue a certificate setting forth the director’s finding that, after considering the character, reputation, financial responsibility, insurance experience, and […]
Effective – 28 Aug 2007 379.1346. Reports and statements of branch captive insurance companies to be filed with director. — Prior to March first of each year, or with the approval of the director within sixty days after its fiscal year end, a branch captive insurance company shall file with the director a copy of […]
Effective – 28 Aug 2007 379.1348. Examination of branch captive insurance companies, limitations. — 1. The examination of a branch captive insurance company under section 379.1314 shall be of branch business and branch operations only, so long as the branch captive insurance company provides annually to the director a certificate of compliance, or its equivalent, […]
Effective – 28 Aug 2007 379.1350. Applicability of tax to branch companies. — In the case of a branch captive insurance company, the tax provided for in section 379.1326 shall apply only to the branch business of such company. ——– (L. 2007 S.B. 215)
Effective – 28 Aug 2013 379.1351. Sponsored captive insurance companies, may be formed by whom — definitions — requirements. — 1. One or more sponsors may form a sponsored captive insurance company under sections 379.1300 to 379.1351. In addition to the general provisions of sections 379.1300 to 379.1351, the provisions of this section shall apply […]
