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31 Pa. Code Ch. 163 – Requirements for Funds Held as Security for the Payment of Obligations of Unlicensed, Unqualified Reinsurers | Midpage
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Pennsylvania Code
Title 31
Part VIII
Chapter 163
31 Pa. Code Ch. 163
Requirements for Funds Held as Security for the Payment of Obligations of Unlicensed, Unqualified Reinsurers
163.1
Definitions.
163.2
Purpose.
163.3
Scope.
163.4
Funds held in trust.
163.5
General requirements for trust agreements.
163.6
Requirements for assets held in trust accounts.
163.7
Duties and responsibilities of trustees.
163.8
Resignation or removal of trustee.
163.9
Termination of trust agreements.
163.10
Permitted provision in trust agreements.
163.11
Requirements for provisions in reinsurance agreements entered into in conjunction with trust agreements.
163.12
Accounting in statutory financial statements for credit for reinsurance secured by trust agreements.
163.13
Existing trust agreements and underlying reinsurance agreements.
163.14
Letters of credit.
163.15
Requirements for letters of credit.
163.16
Provisions in reinsurance agreements entered into in conjunction with letters of credit.
163.17
Accounting in statutory financial statements for credit for reinsurance secured by letters of credit.
163.18
Existing letters of credit.
163.19
Actions or rights of the Commissioner.
163.20
Other security acceptable to the Commissioner.