521G.8 Supervision, rehabilitation, or liquidation of a protected cell company.
1. Upon an order of supervision, rehabilitation, or liquidation of a protected cell company, a receiver shall manage a protected cell company’s assets and liabilities, including protected cell assets and protected cell liabilities, as provided in this chapter.
2. An amount recoverable by a receiver under a protected cell company insurance securitization shall not be reduced or diminished as a result of the entry of an order of supervision, rehabilitation, or liquidation with respect to the protected cell company, notwithstanding contrary provisions in a contract or other document governing the protected cell company insurance securitization.
2000 Acts, ch 1046, §8; 2021 Acts, ch 76, §150
Code editor directive applied
Structure Iowa Code
Chapter 521G - PROTECTED CELL COMPANIES
Section 521G.4 - Determination of fair value — valuation technique.
Section 521G.5 - Establishment of protected cells.
Section 521G.6 - Use and operation of protected cells.
Section 521G.7 - Creditors and other claimants of protected cell companies.
Section 521G.8 - Supervision, rehabilitation, or liquidation of a protected cell company.