California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 3 - Insurers
Article 3 - Annual Statements
Premiums in Course of Collection
Section 2303 - Reinsurance Accounting, Agreements and Oversight
Sections 2303 through 2303.30 of this article set forth the principal requirements of substance and procedure in accounting for reinsurance on insurer financial statements, the general requirements applicable to reinsurance agreements, and related sanctions and oversight. The sections are applicable to insurers licensed, accredited, or certified in California, the approved U.S. trusts of otherwise unauthorized reinsurers, licensed reinsurance intermediaries, and reserve financing arrangements pertaining to life insurance policies issued by domestic life insurers containing guaranteed non-level gross premiums, guaranteed non-level benefits and universal life insurance policies with secondary guarantees. The sections may be referred to as the Reinsurance Oversight Regulations.
1. New section
filed 10-24-2006; operative 11-23-2006 (Register 2006, No. 43).
2. Change
without regulatory effect amending section and NOTE filed 3-25-2015 pursuant to
section 100, title 1, California Code of
Regulations (Register 2015, No. 13).
3. Amendment of section and NOTE
filed 11-27-2017; operative 1-1-2018 (Register 2017, No.
48).
Note: Authority cited: Sections 720, 730, 736, 739.9, 922.8, 922.85, 923, 924, 1011.5, 1215.9, 1781.12, 10489.94 and 12921, Insurance Code; CalFarm Insurance Company v. Deukmejian, 48 Cal. 3d 805 (1989); and 20th Century Insurance Company v. Garamendi, 8 Cal. 4th 216 (1994). Reference: Sections 700, 701, 717, 717.5, 730, 733, 736, 739, 900, 922.1, 922.2, 922.3, 922.31, 922.4, 922.41, 922.42, 922.43, 922.5, 922.6, 922.7, 922.8, 922.85, 922.9, 923, 924, 925, 925.2, 925.4, 1011, 1011.5, 1215.5(b)(3), 1215.5(f), 1781.10, 10489.1, 10489.12, 10489.96 and 12921, Insurance Code.
