Rules & Regulations of the State of Tennessee
Title 0780 - Commerce and Insurance
Subtitle 0780-01 - Insurance Division
Chapter 0780-01-63 - CREDIT FOR REINSURANCE
Section 0780-01-63-.09 - CREDIT FOR REINSURANCE REQUIRED BY LAW
Universal Citation: TN Comp Rules and Regs 0780-01-63-.09
Current through September 24, 2024
Pursuant to T.C.A. § 56-2-208(b)(7), the commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of T.C.A. § 56-2-208(b)(2), (3), (4), (5), or (6), 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 rule, "jurisdiction" means state, district or territory of the United States and any lawful national government.
Authority: T.C.A. §§ 56-2-208, 56-2-209, and 56-2-301.
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