# 14 Va. Admin. Code § 5-300-60: 14VAC5-300-60. Credit for reinsurance; reinsurer licensed in this Commonwealth

> Virginia · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_VA_ADC_14_5_300_60

## Section

- **Citation:** 14 Va. Admin. Code § 5-300-60
- **Heading:** 14VAC5-300-60. Credit for reinsurance; reinsurer licensed in this Commonwealth
- **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 / 14VAC5-300-60

## Text

Pursuant to § 38.2-1316.2 C 1 of the Act, the commission shall allow credit when reinsurance is ceded to an assuming insurer which is licensed to transact insurance in this Commonwealth. For purposes of this section, an insurer shall not be considered so "licensed" unless it is fully authorized to actively solicit and conduct its business in this Commonwealth and in its domiciliary state.

## 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)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_VA_ADC_14_5_300_60. Check the current official text before relying on it. Not legal advice.