N.D. Admin. Code 45-03-07.2-04

Current through Supplement No. 394, October, 2024
Section 45-03-07.2-04 - Existing agreements

Insurers subject to this chapter shall reduce to zero by December 31, 1995, any reserve credits or assets established with respect to reinsurance agreements entered into prior to October 1, 1995, which, under this chapter would not be entitled to recognition of the reserve credits or assets; provided, however, that the reinsurance agreements must have been in compliance with laws or rules in existence immediately preceding October 1, 1995.

N.D. Admin Code 45-03-07.2-04

Effective October 1, 1995.

General Authority: NDCC 26.1-01-08

Law Implemented: NDCC 26.1-02-20