Illinois Administrative Code (Last Updated: March 27, 2024)

§1104.20. Credit for Reinsurance – Reinsurer Licensed in this State

Latest version.

Pursuant to Section 173.1(1)(A) of the Code, the Director shall allow credit for reinsurance ceded by a domestic insurer to assuming insurers which were licensed in this State as of the date of the ceding insurer's most recent statutory financial statement.

(Source: Amended at 33 Ill. Reg. 9314, effective June 18, 2009)

                    
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