1. (a) A reinsuring carrier may seek from the commissioner a deferment from all or part of an assessment imposed by the board. The commissioner may defer all or part of the assessment of a reinsuring carrier if the commissioner determines that the payment of the assessment would place the reinsuring carrier in a financially impaired condition.
2. (b) If all or part of an assessment against a reinsuring carrier is deferred under subsection (a), the amount deferred is assessed against the other reinsuring carriers in a manner consistent with the basis for assessment under this chapter.

3. (c) A reinsuring carrier that receives a deferment under this section:

   1. (1) remains liable to the program for the amount deferred; and
   2. (2) may not reinsure an individual or a group with the program until the reinsuring carrier pays the assessment.

As added by P.L.193-1996, SEC.1.