Thank you, Mr. Chair, and good morning.
Good morning, everybody.
Mr. McCauley, we were discussing the insurance business, as you recall, and how it works. You were in the middle of explaining to us the process of selecting insurers, who does the insurance, and how it works. My question still revolves around NIAC and the fact that they're not really the insurer. They're an association, of sorts, to the insurance companies that demonstrate interest and ability in underwriting nuclear liability.
As far as I understand it, there are only two requirements to become eligible to underwrite a nuclear liability insurance. First you need to be authorized or approved by the financial insurance agency—I'm not saying the proper name—and second, to be approved by the minister. In order to be approved by the minister, does the insurance company have to be a member of NIAC?