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OIR Proposes Rules on Certified Reinsurers

OIR Proposes Rules on Certified Reinsurers

The Office of Insurance Regulation has followed up on a 2014 rule development workshop by now proposing two rules related to credit for reinsurance.  Proposed rule 69O-144.005 “Credit for Reinsurance” and proposed rule 69O-144.007 “Credit for Reinsurance from Certified Reinsurers” will provide guidance to reinsurers seeking to maintain reduced collateral and to domestic ceding insurers.  […]

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