Louisiana Administrative Code
Title 37 - INSURANCE Part
Part XIII - Regulations
Chapter 35 - Regulation 56-Credit for Reinsurance
Section XIII-3513 - Credit for Reinsurance Required by Law [Formerly Section 3511]
Universal Citation: LA Admin Code XIII-3513
Current through Register Vol. 50, No. 9, September 20, 2024
A. Pursuant to R.S. 22:651(G), the commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of R.S. 22:651(B), (C), (D), (E) or (F) but only as to the insurance of risks located in jurisdictions where the reinsurance is required by the applicable law or regulation of that jurisdiction. As used in §3513:
Jurisdiction-state, district or territory of the United States and any lawful national government.
AUTHORITY NOTE: Promulgated in accordance with R.S. 22, Sections 2(E) and 661.
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