Sec. 964.072. APPROVAL OF CAPTIVE REINSURANCE POOLS. Before determining whether to approve a captive insurance company's participation in a captive reinsurance pool under Section 964.052 , the commissioner may: (1) require the captive insurance company provide to the commissioner evidence that the captive reinsurance pool: (A) is composed only of other captive insurance companies holding a certificate of authority under this chapter or a similar law of another jurisdiction; and (B) will be able to meet the pool's financial obligations; and (2) impose any other limitation or requirement on the captive insurance company that is necessary and proper to provide adequate security for the captive insurance company.
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