31 Pa. Code § 163.14 - Letters of credit
Current through Register Vol. 52, No. 16, April 16, 2022
Letters of credit held by or on behalf of a domestic ceding insurer as security for the payment of the obligations of an unlicensed, unqualified reinsurer under a reinsurance agreement shall meet the requirements of section 319.1(b)-(e) of the act (40 P. S. § 442.1(b)-(e)) and this chapter.
Notes
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§ 163.14.
Letters of credit.Letters of credit held by or on behalf of a domestic ceding insurer as security for the payment of the obligations of an unlicensed, unqualified reinsurer under a reinsurance agreement shall meet the requirements of section 319.1(b)—(e) of the act (40 P. S. § 442.1(b)—(e)) and this chapter.