§27-1.1-9  Asset or deduction from liability. –

Published: 2015

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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.)