Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 740 - CREDIT FOR REINSURANCE
Section 031-740-5 - Reinsurers licensed in this State
Universal Citation: 02 ME Code Rules ยง 031-740-5
Current through 2024-13, March 27, 2024
Pursuant to Title 24-A M.R.S.A. §731-B(1)(A), the Superintendent shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer which has been licensed in this State at all times for which credit for reinsurance under this section is claimed on the ceding insurer's statutory financial statement filed pursuant to Title 24-A M.R.S.A. §423 or 423-A.
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