[USC02] 15 USC 8222: Regulation of reinsurer solvency
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15 USC 8222: Regulation of reinsurer solvency Text contains those laws in effect on November 27, 2020
From Title 15-COMMERCE AND TRADECHAPTER 108-STATE-BASED INSURANCE REFORMSUBCHAPTER II-REINSURANCE
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§8222. Regulation of reinsurer solvency

(a) Domiciliary State regulation

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 requirements

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, 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 information

No 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 .)