379.1344. Certificate for branch captive insurance companies.
Certificate for branch captive insurance companies.
379.1344. In the case of a captive insurance company licensed as abranch captive, the alien captive insurance company shall petition thedirector to issue a certificate setting forth the director's finding that,after considering the character, reputation, financial responsibility,insurance experience, and business qualifications of the officers anddirectors of the alien captive insurance company, the licensing andmaintenance of the branch operations will promote the general good of thestate. The alien captive insurance company may register to do business inthis state after the director's certificate is issued.
(L. 2007 S.B. 215)