Purpose

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  • The purpose of this subchapter is to provide a basis for the creation of protected cells by an Exempt International Insurer for one or more of the following uses:
    • (a) As one means of accessing alternative sources of capital and alternative vehicles for insurance programs;

    • (b) For providing some or all of the benefits of an international insurance company for insureds for which the creation of a stand-alone international insurance company is not feasible or practical;

    • (c) As one means of providing access to a program of insurance.


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