Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 760 - LIFE AND HEALTH REINSURANCE AGREEMENTS
Section 031-760-6 - Existing agreements

Insurers with reserve credits or asset valuations established with respect to reinsurance agreements entered into prior to the effective date of this regulation, which agreements were in compliance with Maine laws and rules then in effect, but which give rise to any of the conditions enumerated in Section 4(A), shall have until December 31, 1994 to reduce those reserve credits or asset valuations to zero. No reserve credits or asset which did not conform to requirements then in effect may be established with respect to reinsurance agreements entered into prior to the effective date of this rule.