Okla. Stat. tit. 36, § 36-1692: Purpose of act

The Protected Cell Companies Act is adopted to provide a basis

for the creation of protected cells by a domestic insurer as a means

of accessing alternative sources of capital and achieving the

benefits of insurance securitization or effectuating insurance

business transfers in accordance with the Insurance Business

Transfer Act. Investors in fully funded insurance securitization

transactions provide funds that are available to pay the insurer's

insurance obligations or to repay investors or both. The creation

of protected cells is intended to be a means to achieve more

efficiencies in conducting insurance securitizations or insurance

business transfers.