Utah Admin. Code 590-173-10

Current through Bulletin 2024-20, October 15, 2024
Section R590-173-10 - Credit for Reinsurance Required by Law

Credit is allowed for reinsurance ceded by a domestic insurer to an assuming insurer that does not meet the requirements of this rule but only for the insurance of risks located in a reciprocal jurisdiction defined in Subsection R590-173-3(12), where the reinsurance is required by the laws of that jurisdiction.

Utah Admin. Code R590-173-10

Amended by Utah State Bulletin Number 2017-3, effective 1/10/2017
Adopted by Utah State Bulletin Number 2022-12, effective 6/7/2022