Section 3.21.690. Contract affected.  


Latest version.
  • A new or renewal reinsurance transaction entered into after December 31, 1994 must conform to the requirements under 3 AAC 21.600 - 3 AAC 21.695 if credit is taken by the ceding insurer of the reinsurance transaction, but a trust agreement, letter of credit, or underlying reinsurance agreement that exists before January 1, 1995 will be acceptable in this state until December 31, 1995, at which time the agreement must comply fully with the requirements under 3 AAC 21.600 - 3 AAC 21.695.  
    

Authorities

21.06.090;21.12.020

Notes


Reference

3 AAC 21.600
Authority
AS 21.06.090 AS 21.12.020
History
Eff. 11/25/94, Register 132