Section 521B.1 – Short title.

521B.1 Short title. Repealed by 2013 Acts, ch 39, §7, 8, 11 .

Section 521B.101 – Purpose — legislative intent.

521B.101 Purpose — legislative intent. 1. The purpose of this chapter is to protect the interests of insureds, claimants, ceding insurers, assuming insurers, and the public generally. 2. The general assembly declares its intent to ensure adequate regulation of insurers and reinsurers and adequate protection for those to whom insurers and reinsurers owe obligations. 3. […]

Section 521B.101A – Definitions.

521B.101A Definitions. For purposes of this chapter, unless the context otherwise requires: 1. “Commissioner” means the commissioner of insurance. 2. “NAIC” means the national association of insurance commissioners. 2020 Acts, ch 1008, §1, 27 Section applies to all cessions under reinsurance agreements that have an inception, anniversary, or renewal date on or after July 1, […]

Section 521B.102 – Credit allowed certain domestic ceding insurers.

521B.102 Credit allowed certain domestic ceding insurers. Credit for reinsurance shall be allowed a domestic ceding insurer as either an asset or a reduction from liability on account of reinsurance ceded only when the reinsurer meets the requirements of subsection 1, 2, 3, 4, 5, 6, or 7. The commissioner may adopt rules pursuant to […]

Section 521B.103 – Limited credit allowed other domestic ceding insurers.

521B.103 Limited credit allowed other domestic ceding insurers. 1. An asset or a reduction from liability for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of section 521B.102, shall be allowed in an amount not exceeding the liabilities carried by the ceding insurer. The commissioner may adopt rules pursuant […]

Section 521B.104 – Qualified United States financial institutions.

521B.104 Qualified United States financial institutions. 1. For purposes of section 521B.103, subsection 2, paragraph “c”, a “qualified United States financial institution” means an institution that meets all of the following requirements: a. Is organized, or in the case of a United States office of a foreign banking organization is licensed, under the laws of […]

Section 521B.105 – Rules.

521B.105 Rules. 1. The commissioner may adopt rules pursuant to chapter 17A as necessary or convenient to administer this chapter. 2. The commissioner is further authorized to adopt rules pursuant to chapter 17A that are applicable to reinsurance arrangements as follows: a. A rule adopted pursuant to this subsection is applicable only to reinsurance arrangements […]

Section 521B.106 – Applicability.

521B.106 Applicability. This chapter applies to all cessions under reinsurance agreements that occur on or after January 1, 2014. 2013 Acts, ch 39, §6, 11

Section 521B.107 – Service of process made on the commissioner as the agent for service of process.

521B.107 Service of process made on the commissioner as the agent for service of process. Service of process made on the commissioner as the agent for service of process shall be made as provided in section 505.30. 2018 Acts, ch 1018, §13

Section 521B.2 – Credit allowed a domestic ceding insurer.

521B.2 Credit allowed a domestic ceding insurer. Repealed by 2013 Acts, ch 39, §7, 8, 11.

Section 521B.3 – Reduction from liability for reinsurance ceded by a domestic insurer to an assuming insurer.

521B.3 Reduction from liability for reinsurance ceded by a domestic insurer to an assuming insurer. Repealed by 2013 Acts, ch 39, §7, 8, 11.

Section 521B.4 – Qualified United States financial institutions.

521B.4 Qualified United States financial institutions. Repealed by 2013 Acts, ch 39, §7, 8, 11.

Section 521B.5 – Rules.

521B.5 Rules. Repealed by 2013 Acts, ch 39, §7, 8, 11.