COMAR 31.05.08.03. Credit for Reinsurance

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Code of Maryland Regulations › Title 31 MARYLAND INSURANCE ADMINISTRATION › Subtitle 05 ASSETS, LIABILITIES, RESERVES, AND INVESTMENTS OF INSURERS › Chapter 08 Credit for Reinsurance › COMAR 31.05.08.03

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

The Commissioner shall allow a domestic authorized insurer credit as an asset or deduction from liability for reinsurance that the insurer obtains, if the reinsurance is obtained:

A. From an insurer that was authorized in this State as of any date on which the statutory financial statement credit for reinsurance is claimed;

B. From an accredited reinsurer pursuant to Regulations .04 — .07 of this chapter;

C. From a reinsurer maintaining trust funds for multiple cedents pursuant to Regulation .08—.11 of this chapter;

D. When required by law pursuant to Regulation .12 of this chapter ;

E. From an unauthorized reinsurer pursuant to Regulations .14 — .23 of this chapter; or

F. From a certified reinsurer pursuant to Regulations .24, .25, and .27 of this chapter.

Cross References 31.05.08.12B 31.05.08.14A 31.05.08.29B(2)

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.