Utah Administrative Code
Topic - Insurance
Title R590 - Administration
Rule R590-173 - Credit for Reinsurance
Section R590-173-4 - Credit for Reinsurance - Reinsurer Licensed in Utah
Universal Citation: UT Admin Code R 590-173-4
Current through Bulletin 2024-06, March 15, 2024
(1) Credit is allowed for reinsurance ceded by a domestic insurer to an assuming insurer that is licensed in Utah as of the date the ceding insurer claims reinsurance credit in a statutory financial statement.
(2) The requisite conditions for credit shall exist at the time the credit is claimed or reported in a statutory financial statement.
(3) The conditions in Subsection (2) shall remain satisfied until the information reported in one statement is replaced by information reported in a subsequent statement.
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