Combination of assets of protected cells for purposes of investment

Notwithstanding the provisions of § 58-46-27 , a sponsored captive insurance company may combine the assets of two or more protected cells for purposes of investing those assets. Such a combination of assets may not be construed as defeating the segregation of assets for purposes of § 58-46-27 , or for accounting or other purposes. A sponsored captive insurance company shall comply with investment requirements as may be approved by the director upon application by a sponsored captive insurance company. Source: SL 2013, ch 257 , § 26.