31.05.08.03

.03 Credit for Reinsurance.

The Commissioner shall allow a domestic authorized insurer credit as an asset or deduction from liability for reinsurance that the insurer obtains, if the reinsurance is obtained:

A. From an insurer that was authorized in this State as of any date on which the statutory financial statement credit for reinsurance is claimed;

B. From an accredited reinsurer pursuant to Regulations .04—.07 of this chapter;

C. From a reinsurer maintaining trust funds for multiple cedents pursuant to Regulation .08—.11 of this chapter;

D. When required by law pursuant to Regulation .12 of this chapter;

E. From an unauthorized reinsurer pursuant to Regulations .14—.23 of this chapter; or

F. From a certified reinsurer pursuant to Regulations .24, .25, and .27 of this chapter.