Credit for reinsurance shall be allowed a domestic ceding insurer as either an asset or a deduction from liability on account of reinsurance ceded only when the reinsurer meets the requirements of paragraph (a), (b), (c), (d), (e) or (f) of this section; provided further that the commissioner may adopt by regulation pursuant to Section […]
An asset or reduction from liability for the reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of Section 83-19-151 shall be allowed in an amount not exceeding the liabilities carried by the ceding insurer, provided that the commissioner may adopt by regulation pursuant to Section 83-19-157(2) specific additional requirements […]
For purposes of paragraph (c) of Section 83-19-153, a “qualified United States financial institution” means an institution that: Is organized or (in the case of a United States office of a foreign banking organization) licensed, under the laws of the United States or any state thereof; Is regulated, supervised and examined by United States federal […]
The commissioner may adopt rules and regulations implementing the provisions of Sections 83-19-151 through 83-19-157. The commissioner is further authorized to adopt rules and regulations applicable to reinsurance arrangements described in paragraph (a) of this subsection (2). A regulation adopted pursuant to this subsection (2) may apply only to reinsurance relating to: Life insurance policies […]
