Credit for Reinsurance Act
§ 27-1.1-9 Asset or deduction from
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.)