§ 20-1087 – Deposits
20-1087. Deposits A. The director shall not issue a certificate of authority to any life and disability reinsurer unless the reinsurer has deposited in trust with the state treasurer through the director’s office cash or securities eligible for the investment of capital funds of domestic insurers under this title in an amount not less than […]
§ 20-1088 – Limit of risk
20-1088. Limit of risk Domestic life and disability reinsurers may be formed, with capital and surplus as specified in sections 20-1085 and 20-1086 to accept any risk as a reinsurer under which the maximum possible benefits payable on the death or on the disability of any one insured shall not exceed five thousand dollars if […]
§ 20-1089 – Certificates of authority
20-1089. Certificates of authority A. Any domestic limited stock insurer formed and existing pursuant to section 20-708 which does not come within the provisions of section 20-708, subsection B, and which holds a valid certificate of authority as such an insurer, shall become a domestic life and disability reinsurer on the effective date of this […]
§ 20-1090 – Reorganization; limitation
20-1090. Reorganization; limitation Any domestic life and disability reinsurer, with appropriate powers in its articles of incorporation and with the necessary capital and surplus, and upon application to the director, may become a domestic life and disability insurer free from the restrictions otherwise imposed by this article. Except as provided in subsection B of section […]
§ 20-1081 – Domestic life and disability reinsurer
20-1081. Domestic life and disability reinsurer This article applies only to domestic life and disability reinsurers.