58-14-16.34. Application of reciprocal jurisdiction laws.

Nothing in §§ 58-14-16.23 to 58-14-16.34, inclusive:

(1)    Limits or in any way alters the capacity of parties to a reinsurance agreement to agree on requirements for security or other terms in that reinsurance agreement except as expressly prohibited by this chapter or other applicable law;

(2)    Authorizes an assuming insurer to withdraw or reduce the security provided under any reinsurance agreement except as permitted by the terms of the agreement; or

(3)    Limits or alters the capacity of parties to any reinsurance agreement to renegotiate the agreement.

Source: SL 2021, ch 211, § 12.