Sec. 31.05.08.03. Credit for Reinsurance

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The Commissioner shall allow a domestic authorized insurer credit as an asset or deduction from liability for reinsurance that the insurer obtains, if the reinsurance is obtained:

A. From an insurer that was authorized in this State as of any date on which the statutory financial statement credit for reinsurance is claimed;

B. From an accredited reinsurer pursuant to Regulations .04-.07 of this chapter;

C. From a reinsurer maintaining trust funds for multiple cedents pursuant to Regulation .08-.11 of this chapter;

D. When required by law pursuant to Regulation .12 of this chapter;

E. From an unauthorized reinsurer pursuant to Regulations .14-.23 of this chapter; or

F. From a certified reinsurer pursuant to Regulations .24, .25, and .27 of this chapter.

                    
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