D.C. Municipal Regulations (Last Updated: September 13, 2017) |
Title 26. INSURANCE, SECURITIES, AND BANKING |
SubTilte 26-A. INSURANCE |
Chapter 26-A23. REINSURANCE |
Section 26-A2304. EXISTING AGREEMENTS
Latest version.
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2304.1Insurers subject to this regulation shall reduce to zero by December 31, 1994 any reserves credits or assets established with respect to reinsurance agreements entered into prior to the effective date of this regulation which, under the provisions of this regulation would not be entitled to recognition of the reserve credits or assets; provided, however, that the reinsurance agreements shall have been in compliance with laws or regulations in existence immediately preceding the effective date of this regulation.
source
Final Rulemaking published at 41 DCR 2214(April 22, 1994).