Regulation #11-135: Requirements for Funds Held as Security for the Payment of Obligations of Unlicensed, Unqualified Reinsurers
Adds Chapter 163 which establishes minimum requirements for trust agreements, letters of credit and other forms of security for reinsurance ceded to unlicensed, unqualified reinsurers.
|IRRC Number||1712||Proposed Regulation Received||February 27, 1996|
|Agency Name||Insurance Department||PA Bulletin Publish Date||March 09, 1996|
|Regulation Status||Final-Form||Close of Public Comment||April 08, 1996|
|PA Code||31 Pa. Code Chapter 163||Final Due By|
Fiona E. Wilmarth (FEW)
||IRRC Comments Due||May 08, 1996|
|Final-Form Regulation Received||November 04, 1996|
|Public Meeting Date||November 21, 1996|
|Published as Final||January 18, 1997|
|IRRC Approval||November 21, 1996|
|House Committee Deems Regulation Approved||November 20, 1996|
|Senate Committee Deems Regulation Approved||November 20, 1996|
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