# 14 Va. Admin. Code § 5-300-100: 14VAC5-300-100. Credit for reinsurance required by law

> Virginia · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_VA_ADC_14_5_300_100

## Section

- **Citation:** 14 Va. Admin. Code § 5-300-100
- **Heading:** 14VAC5-300-100. Credit for reinsurance required by law
- **Jurisdiction:** Virginia
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Virginia Administrative Code / Title 14 Insurance / Agency 5 State Corporation Commission, Bureau of Insurance / Chapter 300 / 14VAC5-300-100

## Text

When an assuming insurer fails to meet the requirements of § 38.2-1316.2 of the Act, the ceding insurer may take credit pursuant to subdivision 1 of § 38.2-1316.4 of the Act but only with respect to the insurance of risks located in jurisdictions where such reinsurance is required by the applicable law or regulation of that jurisdiction. As used in this section, "jurisdiction" means any state, district or territory of the United States and any lawful national government.

## Nearby sections

- [14 Va. Admin. Code § 5-300-10 14VAC5-300-10. Purpose](https://www.frixlaw.com/law-library/statutes/STATE_VA_ADC_14_5_300_10.md)
- [14 Va. Admin. Code § 5-300-30 14VAC5-300-30. Applicability and scope](https://www.frixlaw.com/law-library/statutes/STATE_VA_ADC_14_5_300_30.md)
- [14 Va. Admin. Code § 5-300-40 14VAC5-300-40. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_VA_ADC_14_5_300_40.md)
- [14 Va. Admin. Code § 5-300-60 14VAC5-300-60. Credit for reinsurance; reinsurer licensed in this Commonwealth](https://www.frixlaw.com/law-library/statutes/STATE_VA_ADC_14_5_300_60.md)
- [14 Va. Admin. Code § 5-300-70 14VAC5-300-70. Credit for reinsurance; accredited reinsurers](https://www.frixlaw.com/law-library/statutes/STATE_VA_ADC_14_5_300_70.md)
- [14 Va. Admin. Code § 5-300-80 14VAC5-300-80. Credit for reinsurance; reinsurer domiciled and licensed in another state, and neither licensed nor accredited in Virginia](https://www.frixlaw.com/law-library/statutes/STATE_VA_ADC_14_5_300_80.md)
- [14 Va. Admin. Code § 5-300-90 14VAC5-300-90. Credit for reinsurance; reinsurers maintaining trust funds](https://www.frixlaw.com/law-library/statutes/STATE_VA_ADC_14_5_300_90.md)
- [14 Va. Admin. Code § 5-300-95 14VAC5-300-95. Credit for reinsurance; certified reinsurers](https://www.frixlaw.com/law-library/statutes/STATE_VA_ADC_14_5_300_95.md)
- [14 Va. Admin. Code § 5-300-97 14VAC5-300-97. Credit for reinsurance; reciprocal jurisdictions](https://www.frixlaw.com/law-library/statutes/STATE_VA_ADC_14_5_300_97.md)
- [14 Va. Admin. Code § 5-300-100 14VAC5-300-100. Credit for reinsurance required by law](https://www.frixlaw.com/law-library/statutes/STATE_VA_ADC_14_5_300_100.md)
- [14 Va. Admin. Code § 5-300-110 14VAC5-300-110. Asset or reduction from liability for reinsurance ceded to an assuming insurer not meeting the requirements of 14VAC5-300-60 through 14VAC5-300-100](https://www.frixlaw.com/law-library/statutes/STATE_VA_ADC_14_5_300_110.md)
- [14 Va. Admin. Code § 5-300-120 14VAC5-300-120. Trust agreements qualified under 14VAC5-300-110 and subdivision 2 of § 38.2-1316.4 of the Act](https://www.frixlaw.com/law-library/statutes/STATE_VA_ADC_14_5_300_120.md)
- [14 Va. Admin. Code § 5-300-130 14VAC5-300-130. Letters of credit qualifying for § 38.2-1316.4 credit under 14VAC5-300-110](https://www.frixlaw.com/law-library/statutes/STATE_VA_ADC_14_5_300_130.md)
- [14 Va. Admin. Code § 5-300-140 14VAC5-300-140. Other security](https://www.frixlaw.com/law-library/statutes/STATE_VA_ADC_14_5_300_140.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_VA_ADC_14_5_300_100. Check the current official text before relying on it. Not legal advice.