Wash. Admin. Code § 284-13-530

Current through Register Vol. 24-23, December 1, 2024

Section 284-13-530 - Credit for reinsurance - Certain alien reinsurers maintaining trust funds

The trust fund for a single assuming alien insurer must consist of funds in trust in an amount not less than the assuming insurer's liabilities attributable to reinsurance ceded by United States domiciled insurers, and in addition, the assuming insurer must maintain a trusteed surplus of not less than twenty million dollars, except as provided in WAC 284-13-531.

Wash. Admin. Code § 284-13-530

Amended by WSR 15-24-126, Filed 12/2/2015, effective 1/2/2016

Statutory Authority: RCW 48.02.060, 48.12.160 and 1996 c 297 § 2. 97-05-012 (Matter No. R 96-10), § 284-13-530, filed 2/10/97, effective 3/13/97.