§ 20-1092 – Control of assets; definition
20-1092. Control of assets; definition A. The director may require that a domestic life and disability stock reinsurer designate and comply with either or a combination of the following: 1. That pursuant to all written agreements with ceding insurers, assets in an amount up to the net reserves established by such reinsurer be deposited by […]
§ 20-1093 – Reciprocity
20-1093. Reciprocity The amount required to be deposited or placed in a trust or custodial account pursuant to section 20-1092 shall be reduced by any amount deposited or placed in a trust or custodial account pursuant to the laws of another state.
§ 20-1094 – Approval of reinsurance agreements
20-1094. Approval of reinsurance agreements Notwithstanding section 20-732, an unaffiliated credit life and disability reinsurer shall file with the director all reinsurance agreements and amendments to which the reinsurer is a party. The agreement or amendment is not effective until the agreement or amendment is approved by the director. The agreement is deemed approved if […]
§ 20-1094.01 – Reserve requirements
20-1094.01. Reserve requirements A. An unaffiliated credit life and disability reinsurer shall secure liabilities that are assumed under a reinsurance agreement subject to approval pursuant to this article in any of the following: 1. With funds withheld. 2. With funds that are maintained in a trust fund that complies with section 20-3603 and in an […]
§ 20-1081 – Domestic life and disability reinsurer
20-1081. Domestic life and disability reinsurer This article applies only to domestic life and disability reinsurers.