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.

Regulation Details
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
Analysts Assigned 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
Actions Taken
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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