Pursuant to Section 5122(H) of the Act, the Commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of Section 5122(B), (C), (D), (E), (F), (G) or other appropriate section of the Credit for Reinsurance Act but only as to the insurance of risks located in jurisdictions where the reinsurance is required by the applicable law or regulation of that jurisdiction. As used in this section, "jurisdiction" means state, district or territory of the United States and any lawful national government.

Added at 9 Ok Reg 3971, eff 9-3-92 (emergency)

Added at 10 Ok Reg 1487, eff 5-1-93

Amended at 17 Ok Reg 1690, eff 7-14-00

Amended at 19 Ok Reg 1310, eff 7-14-02

Amended at 34 Ok Reg 351, eff 12-16-16 (emergency)

Amended at 34 Ok Reg 1687, eff 9-15-17

Amended at 40 Ok Reg 1628, eff 9-1-23