§ 27-1.1-6 - Asset or deduction from liability.
SECTION 27-1.1-6
§ 27-1.1-6 Asset or deduction fromliability. – No credit shall be allowed as an admitted asset or as a deduction fromliability to any ceding company for reinsurance unless the reinsurance ispayable by the assuming company on the basis of the liability of the cedingcompany under the contract or contracts reinsured without diminution because ofthe insolvency of the ceding company.