Ga. Comp. R. & Regs. 120-2-61-.06

Current through Rules and Regulations filed through October 29, 2024
Rule 120-2-61-.06 - Existing Agreements

Insurers subject to this Regulation shall reduce to zero by December 31, 1995, any reserve credits or assets established with respect to reinsurance agreements entered into prior to the effective date of this regulation which, under the provisions of this regulation would not be entitled to recognition of the reserve credits or assets; provided, however, that the reinsurance agreements shall have been in compliance with laws or regulations in existence immediately preceding the effective date of this Regulation.

Ga. Comp. R. & Regs. R. 120-2-61-.06

O.C.G.A. Secs. 33-2-9, 33-7-14.

Original Rule entitled "Existing Agreements" adopted. F. Sept. 8, 1993; eff. Sept. 28, 1993.