[§431:19-201] Purpose. This part provides for the creation of special purpose financial captive insurance companies for the exclusive purpose of facilitating the securitization of one or more risks as a means of accessing alternative sources of capital and achieving the benefits of securitization. This part intends to allow the organizers of special purpose financial captive insurance companies to achieve greater efficiencies in structuring and executing insurance securitization, to diversify and broaden access to sources of capital, to facilitate access to insurance securitization and capital markets financing technology, and to further the economic development opportunities of the State. [L 2008, c 190, pt of §1]
Section: Previous 431-19-113 431-19-114 431-19-115 431-19-115.5 431-19-115.6 431-19-115.7 431-19-116 431-19-201 431-19-202 431-19-203 431-19-204 431-19-205 431-19-206 431-19-207 431-19-208 NextLast modified: October 27, 2016