Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 130.00 - Credit For Reinsurance
Section 130.05 - Credit for Reinsurance - Reinsurer Domiciled in Another State
Current through Register 1531, September 27, 2024
(1) Pursuant to M.G.L. c. 175, § 20A(1)(C) the commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer that as of any date on which statutory financial statement credit for reinsurance is claimed:
(2) The provisions of 211 CMR 130.05 relating to surplus as regards policyholders shall not apply to reinsurance ceded and assumed pursuant to pooling arrangements among insurers in the same holding company system. As used in 211 CMR 130.05, Substantially Similar standards means credit for reinsurance standards that the commissioner determines equal or exceed the standards of M.G.L. c. 175, § 20A and 211 CMR 130.00.