- (1) Credit is allowed for reinsurance ceded by a domestic insurer to an assuming insurer that is licensed in Utah as of the date the ceding insurer claims reinsurance credit in a statutory financial statement.
- (2) The requisite conditions for credit shall exist at the time the credit is claimed or reported in a statutory financial statement.
- (3) The conditions in Subsection (2) shall remain satisfied until the information reported in one statement is replaced by information reported in a subsequent statement.
KEY: insurance
Date of Last Change: July 29, 2022
Notice of Continuation: June 21, 2022
Authorizing, and Implemented or Interpreted Law: 31A-2-201