Required information in reporting material nonrenewal, cancellation, or revision

The following information shall be disclosed in any report of a material nonrenewal, cancellation, or revision of ceded reinsurance agreements: (1) Effective date of the nonrenewal, cancellation, or revision; (2) The description of the transaction with an identification of the initiator thereof; (3) Purpose of, or reason for, the transaction; and (4) If applicable, the identity of the replacement reinsurers. Source: SL 1995, ch 275 , § 9.