50 Ill. Adm. Code 1104.20
Credit for Reinsurance – Reinsurer Licensed in this State
Section 1104
Section 1104.20 Credit for
Reinsurance – Reinsurer Licensed in this State
Pursuant to Section 173.1(1)(A)
of the Code, the Director shall allow credit for reinsurance ceded by a
domestic insurer to assuming insurers which were licensed in this State as of
the date of the ceding insurer's most recent statutory financial statement.