Rule 120-2-78-.04. Credit for ReinsuranceReinsurer Licensed in this State

Pursuant to O.C.G.A. § 33-7-14(a), the commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer that was licensed in this state as of any date on which statutory financial statement credit for reinsurance is claimed.

Authority: O.C.G.A. § 33-2-9 and O.C.G.A Chapter 33-63.

History. Original Rule entitled "Letters of Credit" adopted. F. Jul. 9, 1997; eff. July 29, 1997.

Repealed: New Rule entitled "Credit for Reinsurance-Reinsurer Licensed in this State" adopted. F. May 23, 2013; eff. June 12, 2013.