Chapter 14 - REINSURANCE
- Section 58-14-1 - "Reinsurance" defined
- Section 58-14-2 - [Repealed]
- Section 58-14-3 - Risk limits applicable
- Section 58-14-4 - Credit not allowable as an asset or deduction from liability to ceding insurer-Exceptions-Payments
- Section 58-14-4.1 - Association election to succeed to rights and obligations of insolvent insurer under reinsurance contract-Reinsurer's liability to pay claims
- Section 58-14-4.2 - Liquidator of insolvent ceding insurer to provide notice to reinsurer of claim against ceding insurer-Investigation and election to interpose defense
- Section 58-14-5 - Reinsurance contracts filed by ceding insurer-Cancellation or material change, duty to inform director
- Section 58-14-6 - Original insured-No interest in reinsurance
- Section 58-14-7 - Credit for reinsurance allowed for domestic ceding insurer as asset or reduction
- Section 58-14-8 - Credit allowed for reinsurance if assuming insurer licensed in state
- Section 58-14-9 - Requirements for reinsurer to be accredited
- Section 58-14-10 - A lien assuming insurer-Standards-Surplus required-Examination of records
- Section 58-14-11 - Credit for reinsurance ceded to insurer maintaining trust fund for payment of valid claims-Annual report of assuming insurer
- Section 58-14-11.1 - Trust fund requirements for single assuming insurer
- Section 58-14-12 - Trust fund requirements for group of incorporated underwriters
- Section 58-14-12.1 - Trust fund requirements for group including incorporated and individual unincorporated underwriters
- Section 58-14-13 - Establishment of trust-Annual report of balance and investments-Certification of termination of trust
- Section 58-14-14 - Reinsurance credit for certain insurers limited to risks in foreign or alien jurisdictions
- Section 58-14-15 - Allowance of credit for certain insurers not licensed, certified, or accredited in state
- Section 58-14-16 - Asset or reduction from liability for reinsurance ceded to insurer not meeting requirements of section 58-14-7-Security
- Section 58-14-16.1 - Credit allowed for reinsurance ceded to certified reinsurer
- Section 58-14-16.2 - Eligibility for certification as reinsurer
- Section 58-14-16.3 - Eligibility for certification of association including incorporated and individual unincorporated underwriters
- Section 58-14-16.4 - List of qualified jurisdictions from which domiciled insurer eligible for consideration for certification
- Section 58-14-16.5 - Eligibility of non-United States domiciliary jurisdiction to be recognized as qualified jurisdiction
- Section 58-14-16.6 - National Association of Insurance Commissioners' list of qualified jurisdictions
- Section 58-14-16.7 - Rating of certified reinsurer
- Section 58-14-16.8 - Obligations assumed from United States ceding insurers to be secured consistent with rating
- Section 58-14-16.9 - Security required for domestic ceding insurer to qualify for full financial statement credit for reinsurance ceded to certified reinsurer
- Section 58-14-16.10 - Trust accounts of certified reinsurer securing obligations as multibeneficiary trust
- Section 58-14-16.11 - Minimum trusteed surplus requirements
- Section 58-14-16.12 - Reduction in allowable credit for insufficient security
- Section 58-14-16.13 - Terminated or suspended certification-Inactive status
- Section 58-14-16.14 - Applicant for certification certified as reinsurer in National Association of Insurance Commissioners accredited jurisdiction
- Section 58-14-16.15 - Inactive certified reinsurers
- Section 58-14-16.16 - Management and notice requirements regarding ceding insurer's reinsurance recoverables
- Section 58-14-16.17 - Diversification of ceding insurer's reinsurance program-Notice requirements
- Section 58-14-16.18 - Qualified United States financial institution defined for purposes of subdivision 58-14-16(3)
- Section 58-14-16.19 - Trust agreement conditions for assuming insurers not meeting certain requirements
- Section 58-14-16.20 - Suspension or revocation of reinsurer' s accreditation or certification
- Section 58-14-16.21 - Credit for reinsurance during suspension or revocation
- Section 58-14-16.22 - Fees
- Section 58-14-16.23 - Credit for reinsurance for reinsurers in reciprocal jurisdictions-Eligibility requirements
- Section 58-14-16.24 - Credit for reinsurance for reinsurers in reciprocal jurisdictions-Capital and surplus requirements
- Section 58-14-16.25 - Credit for reinsurance for reinsurers in reciprocal jurisdictions-Adequate assurances required
- Section 58-14-16.26 - Documents that must be provided to the division
- Section 58-14-16.27 - Prompt payment practices
- Section 58-14-16.28 - List or reciprocal jurisdictions to be published
- Section 58-14-16.29 - List of assuming insurers
- Section 58-14-16.30 - Assuming insurers that no longer meet one or more requirements
- Section 58-14-16.31 - Procedure for denying statement credit
- Section 58-14-16.32 - Assuming insurers in receivership
- Section 58-14-16.33 - Effective date for reinsurers in reciprocal jurisdictions
- Section 58-14-16.34 - Application of reciprocal jurisdiction laws
- Section 58-14-17 - Promulgation of rules
- Section 58-14-18 - Application of reinsurance provisions
- Section 58-14-19 - "Substantially similar" defined
- Section 58-14-20 - Disallowal of credit or deduction
- Section 58-14-21 - "Reinsurer" defined-Examination of reinsurer
- Section 58-14-22 - Application of chapter
- Section 58-14-23 - "Qualified United States financial institution" defined for eligibility to act as fiduciary of a trust
- Section 58-14-24 - Definition of terms
- Section 58-14-25 - Persons not agents
- Section 58-14-26 - License required to sell, solicit, negotiate, or place reinsurance
- Section 58-14-27 - Agent or broker bond-Errors and omissions policy
- Section 58-14-28 - Refusal to license-Reasons
- Section 58-14-29 - Written contract between agent or broker and insurer or reinsurer
- Section 58-14-30 - Records of reinsurance contracts
- Section 58-14-31 - Insurer or reinsurer to employ only licensed agent or broker
- Section 58-14-32 - Approval and filing of contract
- Section 58-14-33 - Additional provisions of contract
- Section 58-14-34 - Handling of reinsurer
- Section 58-14-35 - Restrictions on agent
- Section 58-14-36 - Loss reserves-Actuary's opinion-Employee of agent or broker not to be appointed to reinsurer's board of directors
- Section 58-14-37 - Examination of agent or broker-Cost
- Section 58-14-38 - Penalty for violation
- Section 58-14-39 - Rights of third party
- Section 58-14-40 - Adoption of rules
- Section 58-14-41 - Compliance with and application of sections 58-14-24 to 58-14-42
- Section 58-14-42 - Qualified United States financial institution
- Section 58-14-43 - Restrictions on brokers connected to a firm or association
- Section 58-14-44 - Restrictions on who may act as agent