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.)