Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 130.00 - Credit For Reinsurance
Section 130.09 - Credit for Reinsurance Required by Law
Universal Citation: 211 MA Code of Regs 211.130
Current through Register 1531, September 27, 2024
Pursuant to M.G.L. c. 175, § 20A(1)(F), the Commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of M.G.L. c. 175, § 20A(1)(A) through (E1/2), 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 211 CMR 130.09, Jurisdiction means a state, district or territory of the United States and any lawful national government.
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