02-031 C.M.R. ch. 860, § 5 - Maintenance of Trust Account
The assets in the trust account shall be known as "trusteed assets" and shall at all times be in an amount equal to the U.S. branch's reserves and other liabilities plus the greater of the minimum capital and surplus or authorized control level risk based capital required to be maintained by a domestic insurer licensed to do the same kind of insurance.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.