Rhode Island § 27-64-11 § 27-64-11. No transaction of insurance business.

Rhode Island Statutes

§ 27-64-11 — § 27-64-11. No transaction of insurance business.

Rhode Island·Title 27 Insurance·Ch. 27-64 Protected Cell Companies Act

§ 27-64-11. No transaction of insurance business.
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 c

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§ 27-64-11. No transaction of insurance business.

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.

Rhode Island § 27-64-11 (§ 27-64-11. No transaction of insurance business.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.