ARM 6.6.3604. EXISTING AGREEMENTS

(1) Insurers subject to these rules must reduce to zero by December 31, 1995, any reserve credits or assets established with respect to reinsurance agreements entered into prior to the effective date of these rules which, under the provisions of these rules would not be entitled to recognition of the reserve credits or assets; provided, however, that the reinsurance agreements must have been in compliance with laws or regulations in existence immediately preceding the effective date of these rules.