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URL:http://alisondb.legislature.state.al.us/alison/CodeOfAlabama
/1975/27-5B-9.htm
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Size:707 bytes
Modified:2014-06-30 13:54:00
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Title:27-5B-9
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Body:Section 27-5B-9

Credit for reinsurance required by law.

Credit shall be allowed when the reinsurance is ceded to an assuming insurer not meeting the requirements of Section 27-5B-4, 27-5B-5, 27-5B-6, 27-5B-7, or 27-5B-8, but only as to the insurance of risks located in jurisdictions where the reinsurance is required by applicable law or regulation of that jurisdiction.

(Act 2013-209, p. 463, ยง1.)