2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 521G - PROTECTED CELL COMPANIES
521G.2 - PURPOSE.

        521G.2  PURPOSE.
         The purpose of this chapter is to authorize the establishment of
      protected cells by a domestic insurer authorized to transact the
      business of insurance under chapter 508 or 515, as a means of
      accessing alternative sources of capital and achieving the benefits
      of insurance securitization.  Investors in fully funded insurance
      securitization transactions provide funds that are available to pay
      the insurer's insurance obligations or to repay the investors, or
      both.  Protected cells are intended to achieve more efficiencies with
      respect to such insurance securitization.  

         2000 Acts, ch 1046, §2