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Rule Title: ASSUMING INSURER - DEFINITION OF OBLIGATIONS
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Department: STATE AUDITOR
Chapter: INSURANCE DEPARTMENT
Subchapter: Credit for Reinsurance
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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6.6.3860    ASSUMING INSURER - DEFINITION OF OBLIGATIONS

(1) "Obligations," as used in ARM 6.6.3861 through 6.6.3869, means:

(a) reinsured losses and allocated loss expenses paid by the ceding company, but not recovered from the assuming insurer;

(b) reserves for reinsured losses reported and outstanding;

(c) reserves for reinsured losses incurred but not reported; and

(d) reserves for allocated reinsured loss expenses and unearned premiums.

 

History: 33-1-313, 33-2-1517, MCA; IMP, 33-2-1217, MCA; NEW, 2016 MAR p. 2186, Eff. 11/26/16.


 

 
MAR Notices Effective From Effective To History Notes
6-226 11/26/2016 Current History: 33-1-313, 33-2-1517, MCA; IMP, 33-2-1217, MCA; NEW, 2016 MAR p. 2186, Eff. 11/26/16.
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