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2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 521G - PROTECTED CELL COMPANIES
521G.9 - SECURITIZATION TRANSACTIONS NOT INSURANCE.

        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.
         Section History: Recent Form
         2000 Acts, ch 1046, §9

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