Illinois Administrative Code
Title 50 - INSURANCE
Part 1104 - CREDIT FOR REINSURANCE CEDED
Section 1104.35 - Credit for Reinsurance - Reinsurer Domiciled in Another State
Universal Citation: 50 IL Admin Code ยง 1104.35
Current through Register Vol. 48, No. 12, March 22, 2024
a) As part of complying with Section 173.1(1)(B-5)(1)(b) of the Code, an assuming insurer or U.S. branch of an alien assuming insurer must file with the Director a properly executed Form AR-1 found in Appendix A, which will be evidence of its submission to this State's authority to examine its books and records.
b) As used in Section 173.1(1)(B-5)(1) of the Code, substantially similar standards means credit for reinsurance standards the Director determines equal or exceed the standards of Article XI of the Code and this Part.
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