Section 58-10-500 - Forming a protected cell captive insurance company(a) One or more sponsors may form a protected cell captive insurance company under this Subpart.(b) A protected cell captive insurance company shall be incorporated as a stock insurer with its capital divided into shares and held by the stockholders, as a mutual corporation, as a nonprofit corporation with one or more members, or as a manager-managed limited liability company.N.C. Gen. Stat. § 58-10-500
Added by 2013 N.C. Sess. Laws 116,s. 1, eff. 7/1/2013.