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2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 521G - PROTECTED CELL COMPANIES
521G.8 - SUPERVISION, REHABILITATION, OR LIQUIDATION OF A PROTECTED CELL COMPANY.

        521G.8  SUPERVISION, REHABILITATION, OR LIQUIDATION OF
      A PROTECTED CELL COMPANY.
         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.
         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.
         Section History: Recent Form
         2000 Acts, ch 1046, §8

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