<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".03" citation="COMAR 31.05.08.03" title_num="31" subtitle_num="05" chapter_num="08" heading="Credit for Reinsurance.">
  <text>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:</text>
  <paragraph num="A.">
    <text>From an insurer that was authorized in this State as of any date on which the statutory financial statement credit for reinsurance is claimed;</text>
  </paragraph>
  <paragraph num="B.">
    <text>From an accredited reinsurer pursuant to Regulations .04—.07 of this chapter;</text>
  </paragraph>
  <paragraph num="C.">
    <text>From a reinsurer maintaining trust funds for multiple cedents pursuant to Regulation .08—.11 of this chapter;</text>
  </paragraph>
  <paragraph num="D.">
    <text>When required by law pursuant to Regulation .12 of this chapter;</text>
  </paragraph>
  <paragraph num="E.">
    <text>From an unauthorized reinsurer pursuant to Regulations .14—.23 of this chapter; or</text>
  </paragraph>
  <paragraph num="F.">
    <text>From a certified reinsurer pursuant to Regulations .24, .25, and .27 of this chapter.</text>
  </paragraph>
</regulation>