The purpose of this rule is to establish requirements for life, accident and health insurers that cede insurance to reinsurers to assure that their financial statements properly reflect their financial condition thereby protecting policyholders and the public from possible future hazardous financial conditions.

Source. #5480, eff 10-1-92; ss by #6522, eff 6-6-97; ss by #8239, eff 1-3-05; ss by #10196, eff 1-3-13 (from Ins 308.01); ss by #13494, eff 11-22-22