Obligations assumed from United States ceding insurers to be secured consistent with rating

A certified reinsurer shall secure obligations assumed from United States ceding insurers under §§ 58-14-16.9 to 58-14-16.13 , inclusive, at a level consistent with the certified reinsurer's rating. The director may promulgate rules, pursuant to chapter 1-26 , to establish standards under §§ 58-14-16.9 to 58-14-16.13 , inclusive. Source: SL 2017, ch 211 , § 19.