La. Admin. Code tit. 37 § XIII-3513

Current through Register Vol. 50, No. 9, September 20, 2024

Section XIII-3513 - Credit for Reinsurance Required by Law [Formerly Section 3511]

A. Pursuant to R.S. 22:651(G), the commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of R.S. 22:651(B), (C), (D), (E) or (F) but only as to the insurance of risks located in jurisdictions where the reinsurance is required by the applicable law or regulation of that jurisdiction. As used in §3513:

Jurisdiction-state, district or territory of the United States and any lawful national government.

La. Admin. Code tit. 37, § XIII-3513

Promulgated by the Department of Insurance, Office of the Commissioner, LR 21:1246 (November 1995), amended LR 39:1815 (July 2013), Amended LR 471317 (9/1/2021).

AUTHORITY NOTE: Promulgated in accordance with R.S. 22, Sections 2(E) and 661.