A protected cell company insurance securitization shall not be deemed to be an insurance
or reinsurance contract. An investor in a protected cell company insurance securitization shall not, by sole
means of this investment, be deemed to be transacting an insurance business in this
state. The underwriters or selling agents (and their partners, directors, officers, members,
managers, employees, agents, representatives and advisors) involved in a protected
cell company insurance securitization shall not be deemed to be conducting an insurance
or reinsurance agency, brokerage, intermediary, advisory or consulting business by
virtue of their activities in connection with those businesses.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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