Credit for Reinsurance


230-RICR-20-45-3 ACTIVE RULE

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3.1Authority

3.2Purpose

3.3Severability

3.4Credit for Reinsurance – Reinsurer Licensed in this State

3.5Credit for Reinsurance – Accredited Reinsurers

3.6Credit for Reinsurance – Reinsurer Domiciled and Licensed in Another State

3.7Credit for Reinsurance – Reinsurers Maintaining Trust Funds

3.8Credit for Reinsurance – Certified Reinsurers

3.9Credit for Reinsurance – Reciprocal Jurisdictions

3.10Credit for Reinsurance Required by Law

3.11Asset or Reduction from Liability for Reinsurance Ceded to an Unauthorized Assuming Insurer Not Meeting the Requirements of §§ 3.4 through 3.10 of this Part

3.12Trust Agreements Qualified under § 3.11 of this Part

3.13Letters of Credit Qualified Under § 3.11 of this Part

3.14Other Security

3.15Reinsurance Contracts

3.16Contracts Affected


Title 230 Department of Business Regulation (includes the Office of the Health Insurance Commissioner)
Chapter 20 Insurance
Subchapter 45 Financial Standards and Corporate Operations
Part 3 Credit for Reinsurance
Type of Filing Periodic Refile
Regulation Status Active
Effective 01/04/2022

Regulation Authority:

R.I. Gen. Laws § 27-1.1-4

Purpose and Reason:

This rule is being refiled by the agency pursuant to R.I. Gen. Laws § 42-35-4.1.  No changes were made to the text of this rule.