# COMAR Title 05 — Department of Housing and Community Development

## Subtitle 06 — Housing Insurance

### Chapter 06 — Single Family Insurance Program

#### Regulation .13 Arrangements with Other Insurers.

*COMAR 05.06.06.13*

A. The Fund is authorized to enter into reinsurance and coinsurance arrangements, as approved by the Secretary.

B. The amount of any reinsurance or co-insurance may decrease the amount of the Fund reserves pledged to the Fund pool insurance policy only if the:

  (1) Fund does not retain contingent liability under the reinsurance or co-insurance arrangement; or

  (2) Reinsurer or coinsurer is a:

    (a) Federal agency, or

    (b) Private insurer having surplus as regards policy holders equal to at least $15,000,000, which is approved by FNMA or FHLMC.