Ala. Admin. Code r. 482-1-134-.05

Current through Register Vol. 43, No. 02, November 27, 2024

Section 482-1-134-.05 - Reinsurance

Increases to, or credits against reserves carried, arising because of reinsurance assumed or reinsurance ceded, must be determined in a manner consistent with these minimum reserve standards and with all applicable provisions of the reinsurance contracts which affect the insurer's liabilities.

Author: Commissioner of Insurance

New July 14, 2005; effective July 28, 2005. Filed with LRS July 18, 2005. Rule is not subject to the Alabama Administrative Procedure Act.

Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-36-7.