This subchapter provides:
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(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;
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(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
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(3) A means to achieve more efficiencies in conducting insurance securitizations.