Credit allowed for reinsurance ceded to certified reinsurer

Credit shall be allowed if the reinsurance is ceded to an assuming insurer that has been certified by the director as a reinsurer in this state and secures the assuming insurer's obligations in accordance with the requirements of §§ 58-14-16.2 to 58-14-16.15 , inclusive. Source: SL 2017, ch 211 , § 12.