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1. Alaska Statutes: AS 21.12.020. Reinsurance Credit Allowed a Domestic Ceding Insurer.
- www.touchngo.com
- Reinsurance Credit Allowed a Domestic Ceding Insurer. ...
- Reinsurance Credit Allowed a Domestic Ceding Insurer.
- (a) Credit for reinsurance transactions shall be allowed a domestic ceding insurer as either an asset or a deduction from liability on account of reinsurance ceded only if the reinsurance is ceded to an.
- (A) maintains a trust fund in a qualified United States financial institution for the payment of the valid claims of its United States policyholders and ceding insurers, and their assigns and successors in interest, that conforms to the following requirements:.
- (i) the trust shall be established in a form approved by the director; the trust instrument must provide that contested claims are valid and enforceable upon the final order of any court of competent jurisdiction in the United States; the trust shall vest legal title to its assets in the trustees of the trust for its United States policyholders and ceding insurers, their assigns, and successors in interest; the trust and the assuming insurer are subject to examination as determined by the director; the trust must remain in effect for so long as the assuming insurer has outstanding liabilities due under the reinsurance agreements subject to the trust;.
- (v) in the case of a group of incorporated insurers under common administration that complies with the reporting requirements contained in (ii) of this subparagraph, that has continuously transacted an insurance business outside the United States for at least three years immediately before making application for accreditation, that submits to this state's authority to examine its books and records and bears the expense of the examination, and that has aggregate policyholders' surplus of $10,000,000,000, the trust shall be in an amount equal to the group's several liabilities attributable to business ceded by United States ceding insurers to a member of the group under reinsurance contracts issued in the name of the group, and the group shall maintain a joint trustee surplus, of which $100,000,000 shall be held jointly for the benefit of United States ceding insurers of a member of the group as additional security for the group's liabilities, and each member of the group shall make available to the director an annual certification of the member's solvency by the member's domiciliary regulator and the member's independent certified public accountant, or an accountant holding a substantially equivalent designation as determined by the director; and.
- (1) that in the event of the failure of the assuming insurer to perform its obligations under the terms of the reinsurance agreement, the assuming insurer, at the request of the ceding insurer, shall submit to the jurisdiction of a court of competent jurisdiction in any state of the United States, will comply with all requirements necessary to give the court jurisdiction and will abide by the final decision of the court or of an appellate court in the event of an appeal; this provision is not intended to conflict with or override the obligation of the parties to a reinsurance agreement to arbitrate their disputes, if such an obligation is created in the reinsurance agreement; and.
- (2) to designate the director or an attorney resident in the United States as its true and lawful attorney upon whom may be served lawful process in an action, suit, or proceeding instituted by or on behalf of the ceding insurer.
- (c) A reduction from liability, for reinsurance ceded to an assuming insurer not meeting the requirements of (a) of this section, shall be allowed in an amount not exceeding the liabilities carried by the ceding insurer. The reduction shall be equal to the amount of money held by or on behalf of the ceding insurer, including money held in trust for the ceding insurer, under a reinsurance contract with the assuming insurer as security for the payment of obligations under it, if the security is held in the United States subject to withdrawal solely by, and under the exclusive control of, the ceding insurer, or in the case of a trust, held in a qualified United States financial institution. ...
- (3) clean, irrevocable, unconditional letters of credit that contain an evergreen clause issued or confirmed by a qualified United States financial institution not later than December 31 in the year for which filing is made, and in the possession of the ceding insurer on or before the filing date of the ceding insurer's annual statement; letters of credit meeting applicable standards of issuer acceptability as of the dates of their issuance or confirmation shall, notwithstanding the issuing or confirming institution's subsequent failure to meet applicable standards of issuer acceptability, continue to be acceptable as security until their expiration, extension, renewal, modification, or amendment, whichever occurs first; or.
- (d) Notwithstanding the other provisions of this section, credit may not be allowed a domestic ceding insurer unless the reinsurance contract provides for payment by the assuming insurer on the basis of the liability of the ceding domestic insurer under the insurance contracts reinsured without diminution because of the insolvency of the ceding domestic insurer.
- (h) A domestic ceding insurer may not be allowed credit if the assuming insurer's accreditation has been revoked by the director.
- (i) In this section, a "reinsurance transaction" means a transaction stemming from a contract by which the assuming insurer agrees to indemnify the ceding insurer in whole or in part against liability or losses that the ceding insurer might incur under a separate contract of insurance with its insured.
2. Ceding Reports
- www.qsi-r2.com
- Ceding Reports.
- Y Produce Ceding Company Reports.
- N Do not generate Ceding Company Reports.
- If this parameter is set to N then the valuation reports will not generate for the ceding company. ...
3. Ceding: Definition of Ceding in Webster's Dictionary 1913 Edition - Wunder Dictionary
- websters.wunderdictionary.com
- Ceding: Definition of Ceding in Webster's Dictionary 1913 Edition.
- 1 definition(s) found for Ceding:.
- Ceding:.
- About | Browse by Letter | Home | Search | Site Map Ceding: Definition of Ceding in Webster's Dictionary 1913 Edition.
4. Re: eia ceding step
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- Re: eia ceding step .
- Subject: Re: eia ceding step .
- Young To: eia@xxxxxxxxx Sent: Sunday, December 22, 2002 3:03 AM Subject: eia ceding step .
- eia ceding step .
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5. PEN-L message, Ceding ground to capitalist ideologues
- archives.econ.utah.edu
- Other Periods | Other mailing lists | Search Date: Previous | Next Thread: Previous | Next Index: Author | Date | Thread Ceding ground to capitalist ideologues.
- Subject: Ceding ground to capitalist ideologues .
- A reply to "Ceding ground" by an Argentinian Marxist .
- Next by thread: A reply to "Ceding ground" by an Argentinian Marxist .
- Ceding ground to capitalist ideologues, Louis Proyect Sun 12 Dec 1999, 14:49 GMT .
- A reply to "Ceding ground" by an Argentinian Marxist, Louis Proyect Sun 12 Dec 1999, 17:26 GMT .
- Re: A reply to "Ceding ground" by an Argentinian Marxist, Rod Hay Sun 12 Dec 1999, 18:29 GMT .
- Re: Re: A reply to "Ceding ground" by an Argentinian Marxist, Carrol Cox Sun 12 Dec 1999, 18:41 GMT .
- Re: Re: Re: A reply to "Ceding ground" by an Argentinian Marxist, Michael Perelman Sun 12 Dec 1999, 21:27 GMT .
6. Re: PLUG DNS, ceding to another server
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7. Ceding Procedures
- www.ncrb.org
- First, there is no financial benefit to any company in ceding a profitable risk to the Facility. ...
- Ceding Procedures .
8. Pravda.RU:Lithuanian Government Tries to Avoid Ceding Control of Important Oil Sector Decisions to YUKOS
- all.newsfromrussia.com
- Lithuanian Government Tries to Avoid Ceding Control of Important Oil Sector Decisions to YUKOS Lithuanian President Valdas Adamkus yesterday announced that Lithuania must formulate a clear strategy for talks with the Russian oil company YUKOS. ...
9. PLUG DNS, ceding to another server
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- PLUG DNS, ceding to another server .
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10. Printer-friendly: Administration Negotiates Ceding Wildlife Refuge To State; Kirwin Refuge in Kansas May Be First in a Wave; Groups Protest
- www.ems.org
- ADMINISTRATION NEGOTIATES CEDING WILDLIFE REFUGE TO STATE Kirwin Refuge in Kansas May Be First in a Wave; Groups Protest Washington, DC — The U. ...
11. New Govt Wary of Ceding Territory to China
- www.aljazeerah.info
- New Govt Wary of Ceding Territory to China .
12. First page of treaty ceding Alaska to the U.S. by Russia, 1867.
- teachpol.tcnj.edu
- First page of treaty ceding Alaska to the U. ...
- First page of treaty ceding Alaska to the U. ...
- Description: First page of treaty ceding Alaska to the U. ...
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