Source: https://law.lis.virginia.gov/vacode/title38.2/chapter13/section38.2-1316.1/
Timestamp: 2020-04-07 11:01:27
Document Index: 425061788

Matched Legal Cases: ['§ 38', '§ 38', '§ 38', '§ 38', '§ 38', '§ 38', '§ 38', '§ 38', '§ 38']

§ 38.2-1316.1. Definitions
Table of Contents » Title 38.2. Insurance » Chapter 13. Reports, Reserves and Examinations, Insurance Holding Companies, Reinsurance Intermediaries, and Managing General Agents » Article 3.1. Reinsurance » § 38.2-1316.1. Definitions
§ 38.2-1316.1. Definitions.
"Accredited reinsurer" means an assuming insurer accredited pursuant to the provisions of subdivision C 2 of § 38.2-1316.2.
"Certified reinsurer" means an insurer certified by the Commission pursuant to subsection D of § 38.2-1316.2.
"Credit" includes any credit for reinsurance (i) allowed as an admitted asset or as a deduction from liability and (ii) used to compute the valuation reserves required by § 38.2-1311, unearned premium reserves required by § 38.2-1312 or 38.2-4610.1, or loss or claim reserves required by § 38.2-1314 or 38.2-4609.
"Qualified United States financial institution," as used in subdivision 2 c of § 38.2-1316.4, means an institution that:
"Qualified United States financial institution" means, for purposes of those provisions of this article specifying those institutions that are eligible to act as a fiduciary of a trust, an institution that:
1991, c. 264; 2012, c. 539; 2017, c. 477.