California Insurance Code

§ 922.8

INS § 922.8 Effective Jan 1, 2013Div. 1 · Part 2 · Ch. 1 · Art. 10

Statute text

(a)The commissioner, after notice, comment period, and a hearing if requested by more than 10 affected insurers, may issue a bulletin setting forth reasonable requirements for the allowance of reinsurance as an asset or deduction from liability consistent with Sections 922.4 to 922.6, inclusive, including the following:

(1)Filing requirements for an accredited assuming insurer.

(2)Accreditation requirements for an assuming insurer with less than a twenty million dollar ($20,000,000) surplus as regards policyholders.

…

Legislative history

Amended by Stats. 2012, Ch. 277, Sec. 11. (SB 1216) Effective January 1, 2013.