Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 2 - Division of Insurance
Chapter 21 - Insurer - Financial
Article 6 - Reinsurance
3 AAC 21.620 - Written agreements

(a) A reinsurance agreement or an amendment to a reinsurance agreement may not be used to reduce a liability or to establish an asset in a statutory financial statement filed with the division unless the agreement, the amendment, or a binding letter of intent has been executed by both parties, or other binding written evidence of the agreement from the reinsurer is held by the ceding insurer, not later than the "as of date" of the statutory financial statement on which the entry will appear.

(b) A reinsurance agreement or an amendment to a reinsurance agreement must be executed within 90 days after the execution of a binding letter of intent or other written evidence of a binding reinsurance agreement in order for credit to be allowed for the reinsurance ceded.