15 U.S.C. § 8222 — Regulation of reinsurer solvency
submitted 16 years ago by Pub. L. 111-203 to r/title-15-COMMERCE-AND-TRADE · 147 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
If the State of domicile* of a reinsurer* is an NAIC*-accredited State* or has financial solvency requirements substantially similar to the requirements necessary for NAIC accreditation, such State shall be solely responsible for regulating the financial solvency of the reinsurer.
If the State of domicile of a reinsurer is an NAIC-accredited State or has financial solvency requirements substantially similar to the requirements necessary for NAIC accreditation, no other State may require the reinsurer to provide any additional financial information other than the information the reinsurer is required to file with its domiciliary State.
No provision of this section shall be construed as preventing or prohibiting a State that is not the State of domicile of a reinsurer from receiving a copy of any financial statement filed with its domiciliary State.
Source credit: (Pub. L. 111–203, title V, § 532, July 21, 2010, 124 Stat. 1595.)
- 2010Enacted · Pub. L. 111-203 · 124 Stat. 1595
A history note hasn’t been published yet. The record shows enactment by Pub. L. 111-203 on 2010-07-21.
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