1. (1) "Obligations," as used in ARM 6.6.3861 through 6.6.3869, means:

   1. (a) reinsured losses and allocated loss expenses paid by the ceding company, but not recovered from the assuming insurer;
   2. (b) reserves for reinsured losses reported and outstanding;
   3. (c) reserves for reinsured losses incurred but not reported; and
   4. (d) reserves for allocated reinsured loss expenses and unearned premiums.

Authorizing statute(s): 33-1-313, 33-2-1517, MCA

Implementing statute(s): 33-2-1217, MCA

History: NEW, 2016 MAR p. 2186, Eff. 11/26/16.