Insurance Law 7011 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 7010 Reinsurance up ARTICLE 70 Captive Insurance Companies next SECTION 7012 Franchise taxes Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 7011 Exemption from compulsory associations Insurance (ISC) CHAPTER 28, ARTICLE 70 § 7011. Exemption from compulsory associations. No captive insurance company shall be permitted to join or contribute financially to any plan, pool, association, or guaranty or insolvency fund in this state, nor shall any captive insurance company, or its insured, or its parent or any affiliated company, or any member organization of its association, receive any benefit from any such plan, pool, association, or guaranty or insolvency fund for claims arising out of the operations of such captive insurance company.