Okla. Admin. Code § 365:25-7-66

Current through Vol. 42, No. 8, January 2, 2025

Section 365:25-7-66 - Credit for reinsurance required by law

Pursuant to Section 5122(H) of the Act, the Commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of Section 5122(B), (C), (D), (E), (F), (G) or other appropriate section of the Credit for Reinsurance Act but only as to the insurance of risks located in jurisdictions where the reinsurance is required by the applicable law or regulation of that jurisdiction. As used in this section, "jurisdiction" means state, district or territory of the United States and any lawful national government.

Okla. Admin. Code § 365:25-7-66

Added at 9 Ok Reg 3971, eff 9-3-92 (emergency); Added at 10 Ok Reg 1487, eff 5-1-93; Amended at 17 Ok Reg 1690, eff 7-14-00; Amended at 19 Ok Reg 1310, eff 7-14-02

Amended by Oklahoma Register, Volume 34, Issue 24, September 1, 2017, eff. 9/15/2017

Amended by Oklahoma Register, Volume 39, Issue 20, July 1, 2022, eff. 5/31/2022

Amended by Oklahoma Register, Volume 40, Issue 23, August 15, 2023, eff 9/1/2023