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.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 63 - Insurance Companies Generally
Subchapter 17 - Protected Cell Company Act
§ 23-63-1704. Establishment of protected cells
§ 23-63-1705. Use and operation of protected cells
§ 23-63-1706. Reach of creditors and other claimants
§ 23-63-1707. Conservation, rehabilitation, or liquidation of protected cell companies