Increases to, or credits against reserves carried, arising because of reinsurance assumed or reinsurance ceded, must be determined in a manner consistent with these minimum reserve standards and with all applicable provisions of the reinsurance contracts which affect the insurer’s liabilities.

Author: Commissioner of Insurance

Statutory Authority: Code of Ala. 1975, §§27-2-17, 27-36-7.

History: New July 14, 2005; effective July 28, 2005. Filed with LRS July 18, 2005. Rule is not subject to the Alabama Administrative Procedure Act.