1. (1) This chapter applies to reinsurance agreements entered into prior to, on or after its effective date.

2. (2) An insurer shall reduce to zero by December 31, 1994, any reserve credits or assets established with respect to reinsurance agreements entered into prior to August 1, 1993 which, under the provisions of this chapter would not be entitled to recognition of the reserve credits or assets. Section Ins 6.73 and the annual statement instructions in effect prior to August 1, 1993 continue to apply to agreements entered into prior to August 1, 1993 until December 31, 1994.

   Note: Ins 6.73 was repealed eff. 8-1-93.

3. (3) This chapter is in addition to, and does not supersede other requirements, including, but not limited to, the requirements of ch. Ins 52.

History

History: Cr. Register, July, 1993, No. 451, eff. 8-1-93.