Protected cell account definition

Protected cell account means a specifically identified bank or custodial account established by a protected cell company for the purpose of segregating the protected cell assets of one protected cell from the protected cell assets of other protected cells and from the assets of the protected cell company’s general account.
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Protected cell account means a specifically identified bank or custodial account established by a sponsored captive insurance company for the purpose of segregating the protected cell assets of one protected cell from the protected cell assets of other protected cells and from the assets of the sponsored captive insurance company’s general account.
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Protected cell account. ’ means a specifically identi-
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More Definitions of Protected cell account

Protected cell account means a specifically identified
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Protected cell account means a specifically identified bank
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Related to Protected cell account

  • Protected cell means an identified pool of assets and liabilities of a protected cell company segregated and insulated as provided under this chapter from the remainder of the protected cell company’s assets and liabilities.