| E.__The source and form of the minimum capital to be | contributed to the special purpose reinsurance vehicle; |
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| F.__Any persons with which the special purpose reinsurance | vehicle is or upon formation will be affiliated as defined | in section 222; |
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| G.__The names and biographical affidavits of the proposed | members of the board of directors and principal officers of | the special purpose reinsurance vehicle pursuant to section | 790 , setting forth their legal names, any names under which | they have conducted or are conducting their affairs and any | names of any person affiliated, as defined in section 222, | with any proposed director or officer, together with such | other biographical information as the superintendent may | request; |
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| H.__A plan of operation, consisting of a description of the | contemplated insurance securitization, the special purpose | reinsurance vehicle contract and related transactions, which | must include: |
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| (1)__Draft documentation or at the discretion of the | superintendent a written summary of all material | agreements that are planned in order to effectuate the | insurance securitization and the related contract, | including the names of the ceding insurers, the nature | of the risks being assumed and the maximum amounts, | purpose and nature and the interrelationships of the | various transactions required to effectuate the | insurance securitization; |
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| (2)__The investment strategy of the special purpose | reinsurance vehicle and a representation that the | investment strategy complies with the investment | requirements set forth in this subchapter and that the | strategy includes investment practices or other | provisions to preserve asset values that facilitate | attainment of full funding during the term of the | insurance securitization with assets that can be | monetized in response to a triggering event without a | substantial loss in value; |
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| (3)__A description of the method by which losses | covered by the contract that may develop after the | termination of the contract period are to be addressed | under the provisions of the contract; and |
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| (4)__A representation that the trust agreement under section 784, | subsection 2, paragraph E and the trusts |
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