521G.9 Securitization transactions not insurance.
A protected cell company insurance securitization is not an insurance or reinsurance contract. An investor in a protected cell company insurance securitization, by sole means of this investment, is not deemed to be transacting an insurance business in this state. An underwriter or selling agent, or a partner, director, officer, member, manager, employee, or agent of such underwriter or selling agent, participating in a protected cell company insurance securitization, is not deemed to be conducting an insurance or reinsurance agency, brokerage, intermediary, advisory, or consulting business as a result of such participation.
2000 Acts, ch 1046, §9
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.