760 IAC 1-56-8 - Credit reinsurance required by law

Authority: IC 27-1-3-7; IC 27-6-10.1-5

Affected: IC 27-6-10.1

Sec. 8.

Under IC 27-6-10.1-3, the commissioner of the department of insurance shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of IC 27-6-10.1-2, but only with respect to the insurance of risks located in jurisdictions where such reinsurance is required by the applicable law or regulation of that jurisdiction. As used in this section, "jurisdiction" means any state, district, or territory of the United States and any lawful national government.

Notes

760 IAC 1-56-8

Department of Insurance; 760 IAC 1-56-8; filed Nov 14, 1994, 9:50 a.m.: 18 IR 872; readopted filed Sep 14, 2001, 12:22 p.m.: 25 IR 531; readopted filed Nov 27, 2007, 4:01 p.m.: 20071226-IR-760070717RFA; readopted filed Nov 26, 2013, 3:43 p.m.: 20131225-IR-760130479RFA; filed Dec 16, 2013, 9:14 a.m.: 20140115-IR-760130006FRA Readopted filed 11/19/2019, 9:18 a.m.: 20191218-IR-760190497RFA Filed 6/2/2022, 3:33 p.m.: 20220629-IR-760210519FRA