31.05.08.07

.07 Suspension or Revocation of Accreditation.

Contracts not qualifying for credit after suspension or revocation beyond secured obligations:

A. While a reinsurerís accreditation or certification is suspended, a reinsurance contract issued or renewed after the effective date of the suspension does not qualify for credit except to the extent the reinsurerís obligations under the contract are secured in accordance with Insurance Article, ß5-914, Annotated Code of Maryland.

B. If a reinsurerís accreditation or certification is revoked, credit for reinsurance may not be granted after the effective date of the revocation except to the extent that the reinsurerís obligations under the contract are secured in accordance with Insurance Article, ß5-911 or 5-914, Annotated Code of Maryland.