R.C.S.A. § 38a-88-5
Credit for reinsurance required by law
Cite as Conn. Agencies Regs. § 38a-88-5
Pursuant to section 38a-85(g) of the Connecticut General Statutes, the Commissioner
shall allow credit for reinsurance ceded by a domestic insurer to an assuming insurer
not meeting the requirements of Subsections (b), (c), (d), (e) or (f) of section 38a-85
of the Connecticut General Statutes, 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. As used in this Section, "jurisdiction" means any state, district
or territory of the United States and any lawful national government.