UTAH CODE (Last Updated: January 16, 2015) |
Title 31A. Insurance Code |
Chapter 17. Determination of Financial Condition |
Part 4. Valuation and Reserves |
§ 31A-17-404.2. Credit allowed a foreign ceding insurer.
Latest version.
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(2) Credit for reinsurance or reduction from liability may be disallowed a foreign ceding insurer upon a finding by the commissioner that one or more of the following do not satisfy the credit for reinsurance requirements of this chapter applicable to a ceding insurer domiciled in this state: (a) the condition of the reinsurer; or (b) the collateral or other security provided by the reinsurer.
Enacted by Chapter 257, 2008 General Session