Thank you, Mr. Chair.
I want to get back to a question that I started asking on Thursday when we started doing the clause-by-clause study at the beginning. You started touching upon it, Mr. McCauley. It was about how insurance works for this industry.
I'm trying to understand what NIAC really is. When they were here, they said they're just an association of insurance companies that insure nuclear reactors. On the other hand, in their description of who they are, they said they're the only insurer. So are they the insurer, or are they just an association of insurance companies that provide the insurance? Is it self-regulating? Who regulates NIAC or its members? How does one become a member of NIAC?
To be honest with you, all these questions are still unanswered in my mind. I'm just trying to understand the industry and see if there are issues of the market's own dynamics or whether there are some regulations that are restricting the industry.
I know it's quite a broad question, but that's how much I need to really understand about this business.