Arkansas Code Title 23, Subtitle 3, Chapter 63, Subchapter 17 - Protected Cell Company Act

• § 23-63-1701 - Short Title.
  This subchapter may be cited as the "Protected Cell Company Act".
• § 23-63-1702 - Purpose.
  This subchapter provides: (1) A basis for the creation of protected cells by a domestic insurer as one means of accessing alternative sources of...
• § 23-63-1703 - Definitions.
  For the purposes of this subchapter: (1) "Domestic insurer" means an insurer domiciled in the State of Arkansas; (2) "Fully funded" means that, with...
• § 23-63-1704 - Establishment of Protected Cells.
  (a) (1) A protected cell company may establish one (1) or more protected cells by submitting a plan of operation, or amendments to a...
• § 23-63-1705 - Use and Operation of Protected Cells.
  (a) (1) The protected cell assets of a protected cell may not be charged with liabilities arising out of any other business the protected...
• § 23-63-1706 - Reach of Creditors and Other Claimants.
  (a) (1) (A) Protected cell assets shall be available only to the creditors of the protected cell company that are creditors to that protected...
• § 23-63-1707 - Conservation, Rehabilitation, or Liquidation of Protected Cell Companies.
  (a) Notwithstanding any provision of the Arkansas Insurance Code or any regulation promulgated under the Arkansas Insurance Code or any other applicable law or...
• § 23-63-1708 - No Transaction of an Insurance Business.
  (a) A protected cell company insurance securitization shall not be deemed to be an insurance or reinsurance contract.(b) An investor in a protected cell...
• § 23-63-1709 - Authority to Adopt Regulations.
  The Insurance Commissioner may promulgate regulations necessary to carry out the purpose and intent of this subchapter.

Last modified: November 15, 2016