Browse Arkansas Code titles and sections
23-63-1702. Purpose.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-63-1702. Purpose.
This subchapter provides:
(1) A basis for the creation of protected cells by a domestic insurer as one means of accessing alternative sources of capital and achieving the benefits of insurance securitization;
(2) Funds to investors in fully funded insurance securitization transactions that are available to pay the insurer's insurance obligations or to repay the investors, or both; and
(3) A means to achieve more efficiencies in conducting insurance securitizations.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-63-1702
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:23-63-1702
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: eed8a45fd0d32a894951b9997b7ee66cdcbe0ee617707d80178414256c40ab1f
Source location: content.xml paragraph 34362
Stored source content
23-63-1702. Purpose.
This subchapter provides:
(1) A basis for the creation of protected cells by a domestic insurer as one means of accessing alternative sources of capital and achieving the benefits of insurance securitization;
(2) Funds to investors in fully funded insurance securitization transactions that are available to pay the insurer's insurance obligations or to repay the investors, or both; and
(3) A means to achieve more efficiencies in conducting insurance securitizations.
Cross-references
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