Cal. Code Regs. tit. 10 § 2303.10

Current through Register 2024 Notice Reg. No. 45, November 8, 2024

Section 2303.10 - Credit for Reinsurance of Foreign Insurers

Credit for reinsurance shall be allowed to the extent that credit is allowed by the foreign insurer's state of domicile, provided that the domestic state is accredited by the National Association of Insurance Commissioners (NAIC), or the domestic state regulator has financial solvency requirements substantially similar to the requirements necessary for NAIC accreditation.

Cal. Code Regs. Tit. 10, § 2303.10

1. New section filed 10-24-2006; operative 11-23-2006 (Register 2006, No. 43).
2. Change without regulatory effect amending section filed 3-25-2015 pursuant to section 100, title 1, California Code of Regulations (Register 2015, No. 13).

Note: Authority cited: Sections 922.8 and 923, Insurance Code; CalFarm Insurance Company v. Deukmejian, 48 Cal. 3d 805 (1989); and 20th Century Insurance Company v. Garamendi, 8 Cal. 4th 216 (1994). Reference: Sections 922.3, 922.6 and 923, Insurance Code.

1. New section filed 10-24-2006; operative 11-23-2006 (Register 2006, No. 43).

2. Change without regulatory effect amending section filed 3-25-2015 pursuant to section 100, title 1, California Code of Regulations (Register 2015, No. 13).