R590-173-4. Credit for Reinsurance -- Reinsurer Licensed in Utah

(1) Credit is allowed for reinsurance ceded by a domestic insurer to an assuming insurer that is licensed in Utah as of the date the ceding insurer claims reinsurance credit in a statutory financial statement. (2) The requisite conditions for credit shall exist at the time the credit is claimed or reported in a statutory financial statement. (3) The conditions in Subsection (2) shall remain satisfied until the information reported in one statement is replaced by information reported in a subsequent statement.