Okla. Stat. tit. 36, § 36-1692
This is the official text of Okla. Stat. tit. 36, § 36-1692, part of Oklahoma’s Stat. tit. 36, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 36,." Browse the sections below, each linked to its official government source.
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Purpose of act
Official statutory text
The Protected Cell Companies Act is adopted to provide a basis
for the creation of protected cells by a domestic insurer as a means
of accessing alternative sources of capital and achieving the
benefits of insurance securitization or effectuating insurance
business transfers in accordance with the Insurance Business
Transfer Act. Investors in fully funded insurance securitization
transactions provide funds that are available to pay the insurer's
insurance obligations or to repay investors or both. The creation
of protected cells is intended to be a means to achieve more
efficiencies in conducting insurance securitizations or insurance
business transfers.
for the creation of protected cells by a domestic insurer as a means
of accessing alternative sources of capital and achieving the
benefits of insurance securitization or effectuating insurance
business transfers in accordance with the Insurance Business
Transfer Act. Investors in fully funded insurance securitization
transactions provide funds that are available to pay the insurer's
insurance obligations or to repay investors or both. The creation
of protected cells is intended to be a means to achieve more
efficiencies in conducting insurance securitizations or insurance
business transfers.
Status: in_force · Read it on the official government site
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