(a) Any person may be a participant in any sponsored captive insurance company.
(b) A sponsor may be a participant in a sponsored captive insurance company.
(c) A participant need not be an owner of the sponsored captive insurance company or any affiliate thereof.
(d) Except as otherwise approved by the Commissioner, a participant may insure through a sponsored captive insurance company only its own risks and the risks of its affiliates who are participants.
75 Del. Laws, c. 150, § 1.
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