Section R590-173-4 - Credit for Reinsurance - Reinsurer Licensed in Utah(1) Credit is allowed for reinsurance ceded by a domestic insurer to an assuming insurer that is licensed in Utah as of the date the ceding insurer claims reinsurance credit in a statutory financial statement.(2) The requisite conditions for credit shall exist at the time the credit is claimed or reported in a statutory financial statement.(3) The conditions in Subsection (2) shall remain satisfied until the information reported in one statement is replaced by information reported in a subsequent statement.Utah Admin. Code R590-173-4
Amended by Utah State Bulletin Number 2017-3, effective 1/10/2017Adopted by Utah State Bulletin Number 2022-12, effective 6/7/2022