521G.9 Securitization transactions not insurance. A protected cell company insurance securitization is not an insurance or reinsurance contract. An investor in a protected cell company insurance securitization, by sole meansof this investment, is not deemed to be transacting an insurance business in this state. Anunderwriter or selling agent, or a partner, director, officer, member, manager, employee,or agent of such underwriter or selling agent, participating in a protected cell companyinsurance securitization, is not deemed to be conducting an insurance or reinsurance agency,brokerage, intermediary, advisory, or consulting business as a result of such participation. 2000 Acts, ch 1046, §9For future repeal of this section, effective January 1, 2025, see 2023 Acts, ch 107, §30 Sat Dec 23 00:53:19 2023 Iowa Code 2024, Section 521G.9 (16, 2)
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