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CHAPTER 58-14

REINSURANCE

58-14-1      "Reinsurance" defined.
58-14-2      Repealed.
58-14-3      Risk limits applicable.
58-14-4      Credit not allowable as an asset or deduction from liability to ceding insurer--Exceptions--Payments.
58-14-4.1      Association election to succeed to rights and obligations of insolvent insurer under reinsurance contract--Reinsurer's liability to pay claims.
58-14-4.2      Liquidator of insolvent ceding insurer to provide notice to reinsurer of claim against ceding insurer--Investigation and election to interpose defense.
58-14-5      Reinsurance contracts filed by ceding insurer--Cancellation or material change, duty to inform director.
58-14-6      Original insured--No interest in reinsurance.
58-14-7      Credit for reinsurance allowed for domestic ceding insurer as asset or deduction.
58-14-8      Credit allowed for reinsurance if assuming insurer licensed in state.
58-14-9      Requirements for reinsurer to be accredited.
58-14-10      A lien assuming insurer--Standards--Surplus required--Examination of records .
58-14-11      Credit for reinsurance ceded to insurer maintaining trust fund for payment of valid claims--Annual report of assuming insurer.
58-14-11.1      Trust fund requirements for single assuming insurer .
58-14-12      Trust fund requirements for group of incorporated underwriters.
58-14-12.1      Trust fund requirements for group including incorporated and individual unincorporated underwriters.
58-14-13      Establishment of trust--Annual report of balance and investments--Certification of termination of trust.
58-14-14      Reinsurance credit for certain insurers limited to risks in foreign or alien jurisdictions.
58-14-15      Allowance of credit for certain insurers not licensed, certified, or accredited in state .
58-14-16      Asset or reduction from liability for reinsurance ceded to insurer not meeting requirements of § 58-14-7--Security.
58-14-16.1      Credit allowed for reinsurance ceded to certified reinsurer.
58-14-16.2      Eligibility for certification as reinsurer.
58-14-16.3      Eligibility for certification of association including incorporated and individual unincorporated underwriters.
58-14-16.4      List of qualified jurisdictions from which domiciled insurer eligible for consideration for certification.
58-14-16.5      Eligibility of non-United States domiciliary jurisdiction to be recognized as qualified jurisdiction.
58-14-16.6      National Association of Insurance Commissioners' list of qualified jurisdictions.
58-14-16.7      Rating of certified reinsurer.
58-14-16.8      Obligations assumed from United States ceding insurers to be secured consistent with rating.
58-14-16.9      Security required for domestic ceding insurer to qualify for full financial statement credit for reinsurance ceded to certified reinsurer.
58-14-16.10      Trust accounts of certified reinsurer securing obligations as multibeneficiary trust.
58-14-16.11      Minimum trusteed surplus requirements.
58-14-16.12      Reduction in allowable credit for insufficient security.
58-14-16.13      Terminated or suspended certification--Inactive status.

58-14-16.14      Applicant for certification certified as reinsurer in National Association of Insurance Commissioners accredited jurisdiction.
58-14-16.15      Inactive certified reinsurers.
58-14-16.16      Management and notice requirements regarding ceding insurer's reinsurance recoverables.
58-14-16.17      Diversification of ceding insurer's reinsurance program--Notice requirements.
58-14-16.18      Qualified United States financial institution defined for purposes of subdivision 58-14-16(3).
58-14-16.19      Trust agreement conditions for assuming insurers not meeting certain requirements.
58-14-16.20      Suspension or revocation of reinsurer' s accreditation or certification.
58-14-16.21      Credit for reinsurance during suspension or revocation.
58-14-16.22      Fees.
58-14-17      Promulgation of rules.
58-14-18      Application of reinsurance provisions.
58-14-19      "Substantially similar" defined.
58-14-20      Disallowance of credit or deduction.
58-14-21      "Reinsurer" defined--Examination of reinsurer.
58-14-22      Application of chapter.
58-14-23      "Qualified United States financial institution" defined for eligibility to act as fiduciary of a trust.
58-14-24      Definition of terms.
58-14-25      Persons not agents.
58-14-26      License required to sell, solicit, negotiate, or place reinsurance.
58-14-27      Agent or broker bond--Errors and omissions policy.
58-14-28      Refusal to license--Reasons.
58-14-29      Written contract between agent or broker and insurer or reinsurer.
58-14-30      Records of reinsurance contracts.
58-14-31      Insurer or reinsurer to employ only licensed agent or broker.
58-14-32      Approval and filing of contract.
58-14-33      Additional provisions of contract.
58-14-34      Handling of reinsurer.
58-14-35      Restrictions on agent.
58-14-36      Loss reserves--Actuary's opinion--Employee of agent or broker not to be appointed to reinsurer's board of directors.
58-14-37      Examination of agent or broker--Cost.
58-14-38      Penalty for violation.
58-14-39      Rights of third party.
58-14-40      Adoption of rules.
58-14-41      Compliance with and application of §§ 58-14-24 to 58-14-42.
58-14-42      Qualified United States financial institution.
58-14-43      Restrictions on brokers connected to a firm or association.
58-14-44      Restrictions on who may act as agent.

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