2015 US Code
Title 15 - Commerce and Trade (Sections 1 - 8405)
Chapter 108 - State-Based Insurance Reform (Sections 8201 - 8232)
Subchapter II - Reinsurance (Sections 8221 - 8223)
Sec. 8222 - Regulation of reinsurer solvency
| Publication Title | United States Code, 2012 Edition, Supplement 3, Title 15 - COMMERCE AND TRADE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 15 - COMMERCE AND TRADE CHAPTER 108 - STATE-BASED INSURANCE REFORM SUBCHAPTER II - REINSURANCE Sec. 8222 - Regulation of reinsurer solvency |
| Contains | section 8222 |
| Date | 2015 |
| Laws In Effect As Of Date | January 3, 2016 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 111-203, title V, §532, July 21, 2010, 124 Stat. 1595. |
| Statutes at Large Reference | 124 Stat. 1595 |
| Public and Private Law | Public Law 111-203 |
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If the State of domicile of a reinsurer is an NAIC-accredited State or has financial solvency requirements substantially similar to the requirements necessary for NAIC accreditation, such State shall be solely responsible for regulating the financial solvency of the reinsurer.
(b) Nondomiciliary States(1) Limitation on financial information requirementsIf the State of domicile of a reinsurer is an NAIC-accredited State or has financial solvency requirements substantially similar to the requirements necessary for NAIC accreditation, no other State may require the reinsurer to provide any additional financial information other than the information the reinsurer is required to file with its domiciliary State.
(2) Receipt of informationNo provision of this section shall be construed as preventing or prohibiting a State that is not the State of domicile of a reinsurer from receiving a copy of any financial statement filed with its domiciliary State.
(Pub. L. 111–203, title V, §532, July 21, 2010, 124 Stat. 1595.)
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