WAC 284-13-536. Credit for reinsurance — Certain reinsurers maintaining trust funds — Liabilities defined

For purposes of WAC 284-13-520 through 284-13-538 , liabilities means the assuming insurer's gross liabilities attributable to reinsurance ceded by United States domiciled insurers excluding liabilities that are otherwise secured by acceptable means, and, must include: (1) For business ceded by domestic insurers authorized to write accident and disability, and property and casualty insurance: (a) Losses and allocated loss expenses paid by the ceding insurer, recoverable from the assuming insurer; (b) Reserves for losses reported and outstanding; (c) Reserves for losses incurred but not reported; (d) Reserves for allocated loss expenses; and (e) Unearned premiums. (2) For business ceded by domestic insurers authorized to write life, disability and annuity insurance: (a) Aggregate reserves for life policies and contracts net of policy loans and net due and deferred premiums; (b) Aggregate reserves for accident and disability policies; (c) Deposit funds and other liabilities without life or disability contingencies; and (d) Liabilities for policy and contract claims.