Md. Code Regs. 31.05.08.03

Current through Register Vol. 51, No. 22, November 1, 2024

Section 31.05.08.03 - Credit for Reinsurance

The Commissioner shall allow a domestic authorized insurer credit as an asset or deduction from liability for reinsurance that the insurer obtains, if the reinsurance is obtained:

A. From an insurer that was authorized in this State as of any date on which the statutory financial statement credit for reinsurance is claimed;

B. From an accredited reinsurer pursuant to Regulations .04-.07 of this chapter;

C. From a reinsurer maintaining trust funds for multiple cedents pursuant to Regulation .08-.11 of this chapter;

D. When required by law pursuant to Regulation .12 of this chapter;

E. From an unauthorized reinsurer pursuant to Regulations .14-.23 of this chapter; or

F. From a certified reinsurer pursuant to Regulations .24, .25, and .27 of this chapter.

Md. Code Regs. 31.05.08.03

Regulations .03 adopted as an emergency provision effective June 17, 1993 (20:14 Md. R. 1164); adopted permanently effective October 11, 1993 (20:20 Md. R. 1571)
Regulations .03 adopted effective June 5, 2006 (33:11 Md. R. 953)