North Dakota Administrative Code
Title 45 - Insurance, Commissioner of
Article 45-03 - Regulation of Insurance Companies
Chapter 45-03-07.1 - Credit for Reinsurance Model Regulation
Section 45-03-07.1-05 - Credit for reinsurance required by law
Universal Citation: ND Admin Code ยง 45-03-07.1-05
Current through Supplement No. 394, October, 2024
Pursuant to subsection 7 of North Dakota Century Code section 26.1-31.2-01, the commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of subsections 2, 3, 4, 5, and 6 of North Dakota Century Code section 26.1-31.2-01, 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 this section, "jurisdiction" means state, district, or territory of the United States and any lawful national government.
General Authority: NDCC 26.1-31.2-04
Law Implemented: NDCC 26.1-31.2
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