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§ 6616 — 6616 — U.S. Virgin Islands Law | CourtGPT
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U.S. Virgin Islands Legal Code

6616

U.S. Virgin Islands § 6616 — U.S. Virgin Islands law

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In the case of a protected cell insurance company:\n(a) a protected cell need not be established solely for the purpose of effecting insurance securitizations, but may be established for the purpose of isolating the expenses and claims of a protected cell insurance company participant; and\n(b) the protected cell insurance company shall attribute all insurance obligations, assets, and liabilities relating to a participant's risks to the participant's protected cell.