Illinois Administrative Code
Title 50 - INSURANCE
Part 1103 - LIFE REINSURANCE AGREEMENTS
Section 1103.50 - Existing Agreements
Universal Citation: 50 IL Admin Code ยง 1103.50
Current through Register Vol. 48, No. 12, March 22, 2024
On or before December 31, 2011, all insurers that are subject to this Part must be able to certify that they have reduced to zero any reserve credits or assets established with respect to reinsurance agreements entered into prior to December 31, 1994 that, under the provisions of this Part, would not be entitled to recognition of the reserve credits or established assets; however, the reinsurance agreements must have been in compliance with the laws and regulations in existence immediately preceding the effective date of this Part (January 5, 1994).
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