# COMAR Title 31 — Maryland Insurance Administration

## Subtitle 05 — Assets, Liabilities, Reserves, and Investments of Insurers

### Chapter 08 — Credit for Reinsurance

#### Regulation .27 Mandatory Funding Clause.

*COMAR 31.05.08.27*

In addition to the requirements of Regulations .14—.18 of this chapter, reinsurance contracts entered into or renewed under Regulations .24—.26 of this chapter shall include a funding clause, which requires the certified reinsurer to provide and maintain security in an amount sufficient to avoid the imposition of any unfavorable financial statement accounting treatment on the ceding insurer under this chapter for reinsurance ceded to the certified reinsurer.