The director shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer that was licensed in this state as of any date on which statutory financial statement credit for reinsurance is claimed.

Source: 22 SDR 52, effective October 25, 1995 ; 44 SDR 71, effective October 23, 2017 .

General Authority: SDCL 58-14-17.

Law Implemented: SDCL 58-14-8 , 58-14-17.

Prior versions effective: 1995-10-25.