TITLE 27
Insurance
CHAPTER 27-1.1
Credit for Reinsurance Act
SECTION 27-1.1-9
§ 27-1.1-9 Asset or deduction from
liability.
No credit shall be allowed as an admitted asset or as a deduction from
liability to any ceding company for reinsurance unless the reinsurance is
payable by the assuming company on the basis of the liability of the ceding
company under the contractor contracts reinsured without diminution because of
the insolvency of the ceding company.
History of Section.
(P.L. 2015, ch. 82, § 18; P.L. 2015, ch. 105, § 18.)