§550.20. Prohibition on ownership by an insurance company

            A captive insurance company shall not do business in this state if an insurance company is directly or indirectly a member or owner of such captive insurance company, except when the members of the captive insurance company are all insurance companies.

            Acts 2008, No. 403, §1, eff. Jan. 1, 2009; Redesignated by Acts 2009, No. 503, §3; Acts 2025, No. 313, §2.