§ 2248.13. Reinsurance Through Non-Admitted Insurers.

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(a) In the matter of reinsurance ceded to a non-admitted insurer, attention of all insurers writing credit insurance in this State is directed to the provisions of Sections 922.4 and 922.5 of the Insurance Code. These sections will be strictly enforced by the Commissioner. As a practical matter, an insurer will normally qualify for any reserve credits by satisfying the requirements of 922.4 (b), 922.5 (a) or 922.5 (c) of the Insurance Code.
(b) The Commissioner may require a detailed accounting of deposits to, withdrawals from, and balances of, or may at any time examine, any or all deposits or funds held by or for the admitted insurer as the basis for such claim of reinsurance credit.

Note

Note: Authority cited: Section 779.21, California Insurance Code.

                    
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