No credit shall be allowed as an admitted asset or as a deduction from liability to any ceding company for reinsurance unless the reinsurance is payable by the assuming company on the basis of the liability of the ceding company under the contractor contracts reinsured without diminution because of the insolvency of the ceding company.
History of Section.
P.L. 2015, ch. 82, § 18; P.L. 2015, ch. 105, § 18.