Section 26-A2805. CREDIT FOR REINSURANCE REQUIRED BY LAW

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2805.1Pursuant to section 2(a)(5) of the act, D.C. Code section 35-3301(a)(5), the Commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of sections 2(a)(1), (2), (3) or 4 of the Act, but only with respect to the insurance of risks located in jurisdictions where such reinsurance is required by the applicable law or regulation of that jurisdiction. As used in this section, "jurisdiction" means any state, district or territory of the United States and any lawful national government.

source

Final Rulemaking published at 43 DCR 2318 (May 3, 1996).

                    
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