Section 7009. Investments

(a)  No captive insurance company shall be
  subject to any restrictions on  allowable  investments,  except  as  set
  forth in subsections (b) and (c) of this section.
    (b)  A  group  captive  insurance  company shall not make loans to the
  industrial insureds that comprise its industrial insured group.  A  pure
  captive  insurance  company  may  make  loans  to  its parent company or
  affiliates with the prior approval of the  superintendent.    Such  loan
  must  be  evidenced  by a note in a form approved by the superintendent.
  Loans of minimum capital and surplus funds  required  by  section  seven
  thousand four of this article are prohibited.
    (c)  The  superintendent  may  prohibit  or  limit any investment that
  threatens the solvency or liquidity of any captive insurance company.