Pennsylvania Code
Title 31 - INSURANCE
Part VIII - Miscellaneous Provisions
Chapter 163 - REQUIREMENTS FOR FUNDS HELD AS SECURITY FOR THE PAYMENT OF OBLIGATIONS OF UNLICENSED, UNQUALIFIED REINSURERS
- Section 163.1 - Definitions
- Section 163.2 - Purpose
- Section 163.3 - Scope
- Section 163.4 - Funds held in trust
- Section 163.5 - General requirements for trust agreements
- Section 163.6 - Requirements for assets held in trust accounts
- Section 163.7 - Duties and responsibilities of trustees
- Section 163.8 - Resignation or removal of trustee
- Section 163.9 - Termination of trust agreements
- Section 163.10 - Permitted provision in trust agreements
- Section 163.11 - Requirements for provisions in reinsurance agreements entered into in conjunction with trust agreements
- Section 163.12 - Accounting in statutory financial statements for credit for reinsurance secured by trust agreements
- Section 163.13 - Existing trust agreements and underlying reinsurance agreements
- Section 163.14 - Letters of credit
- Section 163.15 - Requirements for letters of credit
- Section 163.16 - Provisions in reinsurance agreements entered into inconjunction with letters of credit
- Section 163.17 - Accounting in statutory financial statements for credit for reinsurance secured by letters of credit
- Section 163.18 - Existing letters of credit
- Section 163.19 - Actions or rights of the Commissioner
- Section 163.20 - Other security acceptable to the Commissioner
Current through Register Vol. 54, No. 12, March 23, 2024
The provisions of this Chapter 163 issued under sections 319-319.2 of The Insurance Company Law of 1921 (40 P.S. §§ 442-442.2), unless otherwise noted.
This chapter cited in 31 Pa. Code § 90j.5 (relating to exemptions); and 31 Pa. Code § 90j.7 (relating to requirements applicable to covered policies to obtain credit for reinsurance; opportuntiy for remediation).
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