Idaho Administrative Code
Title IDAPA 18 - Insurance, Department of
Rule 18.07.06 - RULES GOVERNING LIFE AND HEALTH REINSURANCE AGREEMENTS
Section 18.07.06.001 - TITLE, PURPOSE AND SCOPE
Current through August 31, 2023
01. Title. IDAPA 18.07.06, "Rules Governing Life and Health Reinsurance Agreements." (3-31-22)
02. Purpose. To set forth standards for Reinsurance Agreements involving life insurance, annuities, or accident and sickness insurance (disability) in order that the financial statements of the life and health and property and casualty insurers writing health business and utilizing such agreements properly reflect the financial condition of the ceding and assuming insurer. (3-31-22)
03. Applicability. This rule applies to all domestic life and accident and health insurers and to all other licensed life and accident and health insurers that are not subject to a substantially similar rule in their domiciliary state. This rule also similarly applies to licensed property and casualty insurers with respect to their accident and health business. This rule does not apply to assumption reinsurance or yearly renewable term reinsurance. (3-31-22)