Witryna31 gru 2024 · Upon notice and approval of the application, the effective date will be as of the beginning of the quarter in which the application is received. Please see Delaware Title 18, Section 911(6) and Delaware Administrative Code 1003 – Credit for Reinsurance, Section 9 for the applicable law and regulation on reciprocal … WitrynaPursuant to 14VAC5-300-95 B, the Commission is posting notices of applications for a certified reinsurer in the Commonwealth of Virginia and inviting members of the public to respond to the application.Interested and Affected Parties will have thirty (30) days from the date of posting to submit written comments regarding the application to the …
Reinsurance Corner Nebraska Department of Insurance
Witryna19 kwi 2024 · To date approximately 48 U.S. jurisdictions have enacted reciprocal reinsurer legislation and 38 of those jurisdictions have adopted or proposed the enabling regulations. Many of these states are now accepting applications. The NAIC Reinsurance Task Force is asking that states that have yet to adopt the legislation … Witryna3 kwi 2024 · Certified Reinsurers. Effective January 2, 2024, reinsurers may apply for certified status. This allows a domestic ceding company to reduce collateral requirements and still take full credit for reinsurance recoverables from a certified reinsurer for those contracts entered into or renewed after the reinsurer has obtained certified status. … slb loadchart
Reciprocal Jurisdiction Reinsurer Information Department of …
WitrynaIn order to obtain Reciprocal Jurisdiction Reinsurer status pursuant to § 38.2-1316.2 E of the Code of Virginia, a foreign or alien assuming insurer must provide the following: • For Reciprocal Jurisdiction application criteria, please see 14VAC5-300-97 and complete the applicable section of the Uniform Checklist for Reciprocal Reinsurers. WitrynaFiling a New Accredited Reinsurer Application Affidavit of Filing and Financial Statement Attestation* for Accredited Reinsurers that file with the NAIC: * Evidenced by a signed jurat page if the Reinsurer's quarterly or Annual Statement is timely filed with the NAIC. For Accredited Reinsurers that do not file with the NAIC, a quarterly or Annual … slb neolith