La. Admin. Code tit. 37 § XIII-3521

Current through Register Vol. 50, No. 11, November 20, 2024

Section XIII-3521 - Other Security [Formerly Section 3519]

A. A ceding insurer may take credit for unencumbered funds withheld by the ceding insurer in the United States subject to withdrawal solely by the ceding insurer and under its exclusive control.

La. Admin. Code tit. 37, § XIII-3521

Promulgated by the Department of Insurance, Office of the Commissioner, LR 21:1246 (November 1995), amended LR 39:1819 (July 2013), Amended LR 471321 (9/1/2021).

AUTHORITY NOTE: Promulgated in accordance with R.S. 22, Sections 2(E) and 661.