Ill. Admin. Code tit. 50 § 1104.50
Current through Register Vol. 48, No. 49, December 6, 2024
The Director shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of Section 173.1(1)(A), (B), (B-5), (C), (C-5) or (C-10) of the Code but only with respect to the insurance of risks located in jurisdictions where that reinsurance is required by applicable law or regulation of that jurisdiction. (Section 173.1(1)(D) of the Code)
Ill. Admin. Code tit. 50, § 1104.50
Amended at 33 Ill. Reg. 9314, effective June 18, 2009