Iowa Code § 521G.9
Current through bills signed by governor as of 5/17/2024
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.
Iowa Code § 521G.9
For future repeal of this section, effective January 1, 2025, see 2023 Acts, ch 107, §30