This subchapter provides:
(1) A basis for the creation of protected cells by a domestic insurer as one means of accessing alternative sources of capital and achieving the benefits of insurance securitization;
(2) Funds to investors in fully funded insurance securitization transactions that are available to pay the insurer's insurance obligations or to repay the investors, or both; and
(3) A means to achieve more efficiencies in conducting insurance securitizations.
Section: 23-63-1702 23-63-1703 23-63-1704 23-63-1705 23-63-1706 23-63-1707 23-63-1708 23-63-1709 NextLast modified: November 15, 2016