CHAPTER 58-14
REINSURANCE
58-14-1 "Reinsurance" defined.
58-14-2 58-14-2. Repealed by SL 1992, ch 344, § 13
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 reduction.
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.
58-14-16.23 Credit for reinsurance for reinsurers in reciprocal jurisdictions--Eligibility requirements.
58-14-16.24 Credit for reinsurance for reinsurers in reciprocal jurisdictions--Capital and surplus requirements.
58-14-16.25 Credit for reinsurance for reinsurers in reciprocal jurisdictions--Adequate assurances required.
58-14-16.26 Documents that must be provided to the division.
58-14-16.27 Prompt payment practices.
58-14-16.28 List or reciprocal jurisdictions to be published.
58-14-16.29 List of assuming insurers.
58-14-16.30 Assuming insurers that no longer meet one or more requirements.
58-14-16.31 Procedure for denying statement credit.
58-14-16.32 Assuming insurers in receivership.
58-14-16.33 Effective date for reinsurers in reciprocal jurisdictions.
58-14-16.34 Application of reciprocal jurisdiction laws.
58-14-17 Promulgation of rules.
58-14-18 Application of reinsurance provisions.
58-14-19 "Substantially similar" defined.
58-14-20 Disallowal 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.