Exemption from Compulsory Associations; Ratings Organizations

4 CMC § 7914 — under Captive Insurance Companies.

4 CMC § 7914

TITLE 4: ECONOMIC RESOURCES

DIVISION 7: INSURANCE

§ 7914. zations.

Exemption from Compulsory Associations; Ratings Organi-

No captive insurance company shall be required to join a rating organization or to join or contribute financially to any plan, pool, association, or guaranty or insolvency fund in the CNMI, nor shall any captive insurance company, or its insured, or its parent or any affiliated company, or any member organization of its association, receive any benefits from any such plan, pool, association, or guaranty or insolvency fund for claims arising out of the operations of such captive insurance company. Source: PL 24-03, § 2 (June 12, 2025).