8 V.S.A. § 6034i: Certifying statement after commencement of business

(a) Within 30 days after commencing business, each protected cell shall file with the Commissioner a statement under oath or affirmation certifying that the protected cell possessed the requisite funding prior to commencing business, including any required collateral in accordance with the protected cell’s approved plan of operation.

(b) The statement required by subsection (a) of this section shall be signed by the following:

(1) for an unincorporated protected cell, the president and secretary of the sponsored captive insurance company;

(2) for an incorporated protected cell, its president and secretary; and

(3) for a protected cell formed as a limited liability company or as a reciprocal insurer, two individuals authorized by the governing board.