(A) In general The term “reinsurer” means an insurer to the extent that the insurer— (i) is principally engaged in the business of reinsurance; (ii) does not conduct significant amounts of direct insurance as a percentage of its net premiums; and (iii) is not engaged in an ongoing basis in the business of soliciting direct insurance.


15 USC § 8223(5)(A)

Scoping language

For purposes of this subchapter
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