Arkansas Code Title 23, Subtitle 3, Chapter 62, Subchapter 3 - Arkansas Credit for Reinsurance Law

• § 23-62-301 - Title -- Applicability.
  (a) This subchapter may be cited as the "Arkansas Credit for Reinsurance Law".(b) All reserves ceded to a nonadmitted reinsurer on insurance written in...
• § 23-62-302 - Sections 23-62-201, 23-62-202, 23-62-204, and 23-62-205 Applicable -- Purpose -- Construction.
  (a) Reinsurance of insurance risks by domestic and foreign insurance companies is also regulated under the provisions of §§ 23-62-201, 23-62-202, 23-62-204, and 23-62-205.(b)...
• § 23-62-303 - Report of Funds Withheld Under Reinsurance Treaties.
  Deposits and funds withheld under reinsurance treaties shall be reported in the annual statement in the exhibit entitled "Special Deposits Not for the Protection...
• § 23-62-304 - Agreement Examination.
  The Insurance Commissioner shall have the right to examine any of the reinsurance agreements or deposit arrangements of the ceding insurer at any time.
• § 23-62-305 - Credit Allowed a Domestic Ceding Insurer.
  (a) (1) A domestic ceding insurer shall be allowed credit for reinsurance as an asset or a reduction from liability on account of reinsurance...
• § 23-62-306 - Asset or Reduction From Liability for Reinsurance Ceded by Domestic Insurer to Assuming Insurer -- Noncompliant Assuming Insurer.
  (a) An asset or a reduction from liability for the reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements...
• § 23-62-307 - Qualified United States Financial Institutions.
  (a) For purposes of § 23-62-306(c)(3), a "qualified United States financial institution" means an institution that: (1) Is organized or, in the case of...
• § 23-62-308 - Rules.
  The Insurance Commissioner may adopt rules implementing this subchapter.
• § 23-62-309 - Applicability -- Reinsurance Agreements.
  Sections 23-62-305 -- 23-62-307 apply to any cession of a reinsurance agreement if that reinsurance agreement has an inception, anniversary, or renewal date not...

Last modified: November 15, 2016