All new and renewal reinsurance transactions entered into after December 31, 2013, shall conform to the requirements of the Act and this chapter if credit is to be given to the ceding insurer for such reinsurance.

Author: Commissioner of Insurance

Statutory Authority: Code of Ala. 1975, §§27-2-17, 27-5B-1, et seq. (2013)

History: New Rule: October 9, 2013; effective January 1, 2014. Filed with LRS October 9, 2013. Rule is not subject to the Alabama Administrative Procedure Act.