23 CAR § 25-110. Credit for reinsurance required by law

(a) Pursuant to Arkansas Code § 23-62-305(f)(5), the Insurance Commissioner shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of Arkansas Code § 23-62-305 but only as to the insurance of risks located in jurisdictions where the reinsurance is required by the applicable law or regulation of that jurisdiction. (b) As used in this section, “jurisdiction” means state, district or territory of the United States and any lawful national government.