Credit for reinsurance allowed for domestic ceding insurer as asset or reduction

Credit for reinsurance shall be allowed a domestic ceding insurer as either an asset or a reduction from liability on account of reinsurance ceded only when the reinsurer meets any one of the requirements of § 58-14-8 , 58-14-9 , 58-14-10 , 58-14-11 , 58-14-14 , or