Other security for an unauthorized assuming insurer

Alaska Administrative Code

Section: 3 AAC 21.685

Jurisdiction: AK

Bluebook Citation: 3 AAC 21.685

Credit for reinsurance with an unauthorized assuming insurer may be secured by unencumbered funds withheld from the unauthorized assuming insurer by the ceding insurer and maintained in the United States, subject to withdrawal solely by the ceding insurer and under its exclusive control.

Chat with this regulation using AI

Ask CiteLaw's AI Navigator anything about this regulation, verify citations, and research related authorities. Sign up for CiteLaw free today to get started.