521J.18 Sponsors — qualifications. A sponsor of a protected cell captive company may be any person approved by the commissioner, based on the commissioner’s determination that the approval of such personas a sponsor is consistent with the purposes of this chapter. In evaluating the qualificationsof a proposed sponsor, the commissioner shall consider the type and structure of theproposed sponsor entity, the sponsor’s experience in financial operations, the sponsor’sfinancial stability, the sponsor’s business reputation, and any other factors deemed relevantby the commissioner. A risk retention group shall not be a sponsor of a protected cell captivecompany. 2023 Acts, ch 107, §21Referred to in §521J.1NEW section Sat Dec 23 00:53:43 2023 Iowa Code 2024, Section 521J.18 (0, 0)
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