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. Cite as Ga. Comp. R. & Regs. R. 120-2-78-.04
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Repealed: New Rule entitled "Credit for Reinsurance-Reinsurer Licensed in this State" adopted.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.