SB 1376: Credit For Reinsurance
Credit For Reinsurance; Adding conditions under which a ceding insurer must be allowed credit for reinsurance; specifying requirements for assuming insurers and reinsurance agreements; authorizing a ceding insurer or its representative that is subject to rehabilitation, liquidation, or conservation to seek a certain court order; authorizing the Office of Insurance Regulation to revoke or suspend an assuming insurer’s eligibility under certain conditions, etc.
• Referred to Banking and Insurance; Judiciary; Rules -SJ 102
• Introduced -SJ 102
• On Committee agenda-- Banking and Insurance, 01/21/20, 12:00 pm, 412 Knott Building
• Favorable by Banking and Insurance; YEAS 8 NAYS 0 -SJ 154
• Now in Judiciary
• On Committee agenda-- Judiciary, 01/28/20, 4:00 pm, 110 Senate Building
• Favorable by Judiciary; YEAS 6 NAYS 0 -SJ 214
• Now in Rules
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