33-28-207. Applicable laws. (1) The provisions relating to supervision, rehabilitation, and liquidation of insurance companies as provided for in Title 33, chapter 2, part 13, and the provisions of 33-18-201 and 33-18-242 apply to captive insurance companies.
     (2) This chapter may not be construed as exempting a captive insurance company, its parent, or affiliated companies from compliance with the laws governing workers' compensation insurance.
     (3) Except as expressly provided in this chapter, the provisions of Title 33 do not apply to captive insurance companies.

     History: En. Sec. 16, Ch. 298, L. 2001.