Section 130.05 - Credit for Reinsurance - Reinsurer Domiciled in Another State(1) Pursuant to M.G.L. c. 175, § 20A(1)(C) the commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer that as of any date on which statutory financial statement credit for reinsurance is claimed: (a) Is domiciled in (or, in the case of a U.S. branch of an alien assuming insurer, is entered through) a state that employs standards regarding credit for reinsurance substantially similar to those applicable under M.G.L. c. 175, § 20A and 211 CMR 130.00;(b) Maintains a surplus as regards policyholders in an amount not less than $20,000,000; and(c) Files a properly executed Form AR-1 found at www.mass.gov/doi with the commissioner as evidence of its submission to the Commonwealth's authority to examine its books and records.(2) The provisions of 211 CMR 130.05 relating to surplus as regards policyholders shall not apply to reinsurance ceded and assumed pursuant to pooling arrangements among insurers in the same holding company system. As used in 211 CMR 130.05, Substantially Similar standards means credit for reinsurance standards that the commissioner determines equal or exceed the standards of M.G.L. c. 175, § 20A and 211 CMR 130.00.Amended by Mass Register Issue 1323, eff. 10/7/2016.Amended by Mass Register Issue 1473, eff. 7/8/2022.