1. (1) "Qualified asset," as defined in Section 31A-17-201, includes a guaranty fund or guaranty association assessment paid in any state, if it is probable that the insurer can offset the assessment against present or future premium tax or income tax paid in the state in which the assessment was paid.

Terms used in this rule are defined in Sections 31A-1-301 and 31A-17-201. Additional terms are defined as follows:

KEY: insurance law

Date of Last Change: January 24, 2023

Notice of Continuation: November 4, 2024

Authorizing, and Implemented or Interpreted Law: 31A-2-201; 31A-17-201