Credit shall be allowed when the reinsurance is ceded to an assuming insurer not meeting the requirements of Section 27-5B-4, 27-5B-5, 27-5B-6, 27-5B-7, 27-5B-8, or 27-5B-8.1, but only as to the insurance of risks located in jurisdictions where the reinsurance is required by applicable law or regulation of that jurisdiction.
Structure Code of Alabama
Section 27-5B-2 - Reinsurance Permitted.
Section 27-5B-3 - Credit Allowed a Domestic Ceding Insurer.
Section 27-5B-4 - Licensed Reinsurer.
Section 27-5B-5 - Accredited Reinsurer.
Section 27-5B-6 - Reinsurer Domiciled in State With Substantially Similar Law.
Section 27-5B-7 - Reinsurer Maintaining a Trust Fund.
Section 27-5B-8 - Certified Reinsurer.
Section 27-5B-8.1 - Reinsurer Domiciled in a Reciprocal Jurisdiction.
Section 27-5B-9 - Credit for Reinsurance Required by Law.
Section 27-5B-12 - Accredited or Certified Reinsurer Ceasing to Meet Requirements.
Section 27-5B-13 - Concentration Risk.
Section 27-5B-15 - Qualified u.s. Financial Institutions.
Section 27-5B-16 - Insolvency Clause.
Section 27-5B-17 - Guaranty Association Election.
Section 27-5B-18 - Notice by Domiciliary Liquidator.