Regulation .03 Credit for Reinsurance.
Regulation .03 Credit for Reinsurance.LinkCopy Citation
The Commissioner shall allow a domestic authorized insurer credit as an asset or deduction from liability for reinsurance that the insurer obtains, if the reinsurance is obtained:
A.
From an insurer that was authorized in this State as of any date on which the statutory financial statement credit for reinsurance is claimed;
B.
From an accredited reinsurer pursuant to Regulations .04—.07 of this chapter;
C.
From a reinsurer maintaining trust funds for multiple cedents pursuant to Regulation .08—.11 of this chapter;
D.
When required by law pursuant to Regulation .12 of this chapter;
E.
From an unauthorized reinsurer pursuant to Regulations .14—.23 of this chapter; or
F.
From a certified reinsurer pursuant to Regulations .24, .25, and .27 of this chapter.