§550.8. Initial examination and issuance of certificate of authority
Upon receipt of the application for certificate of authority, the commissioner shall
cause an initial examination to be made of the captive insurance company. If, in the opinion
of the commissioner, the examination shows the corporation to be duly organized with
adequate capital and surplus to meet its policyholder obligations, and in compliance with all
requirements of law, he shall notify the applicant and issue a certificate of authority.
Acts 2008, No. 403, §1, eff. Jan. 1, 2009; Redesignated by Acts 2009, No. 503, §3;
Acts 2025, No. 313, §2.