DE Domestic/Foreign Bulletin No. 10

Reporting Risk Based Capital by Insurers Subject to 18 Delaware Code § 1104

Year: 2002Length: 105 wordsOfficial source
DOMESTIC/FOREIGN INSURERS BULLETIN NO. 10 REPORTING RISK BASED CAPITAL BY INSURERS SUBJECT TO 18 Del. C. § 1104 TO: ALL INSURERS AND LICENSEES FROM: DONNA LEE H. WILLIAMS, COMMISSIONER Effective March 1, 2002, domestic insurers who transact business only in foreign countries under 18 Del. C.§ 103 and who calculate reserves under 18 Del. C.§ 1104, and which otherwise meet the requirements of 18 Del. C.§ 5809(d) shall be exempt from calculating the differences between the accounting practices permitted by Delaware for companies complying with 18 Del. C.§ 1104 and NAIC Statutory Accounting Practices and Procedures. DATED: February 25, 2002 Donna Lee H. Williams, Commissioner