Title 15 — Commerce and TradeRelease 119-73not60
§8222 Regulation of Reinsurer Solvency
Title 15 › Chapter 108— STATE-BASED INSURANCE REFORM › Subchapter II— REINSURANCE › § 8222
Summary
If a reinsurer's home state is NAIC-accredited or has solvency rules very similar to NAIC standards, that home state alone must watch and regulate the reinsurer's financial condition. Other states cannot force the reinsurer to give them extra financial reports beyond what the reinsurer files with its home state. A state that is not the reinsurer's home state may still receive a copy of the financial statements filed with the home state.
Full Legal Text
Title 15, §8222
Commerce and Trade — Source: USLM XML via OLRC
(a)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.
(b)(1)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.
(2)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.
Reference
Citations & Metadata
Citation
15 U.S.C. § 8222
Title 15 — Commerce and Trade
Last Updated
Apr 3, 2026
Release point: 119-73not60