Arkansas § 23-63-1702 Purpose

Arkansas Statutes

§ 23-63-1702 — Purpose

Arkansas § 23-63-1702

Title23

This text of Arkansas § 23-63-1702 (Purpose) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 23-63-1702 (2026).

Text

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.

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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.