Cal. Code Regs. Tit. 10, § 2303 - Reinsurance Accounting, Agreements and Oversight

Sections 2303 through 2303.30 of this article set forth the principal requirements of substance and procedure in accounting for reinsurance on insurer financial statements, the general requirements applicable to reinsurance agreements, and related sanctions and oversight. The sections are applicable to insurers licensed, accredited, or certified in California, the approved U.S. trusts of otherwise unauthorized reinsurers, licensed reinsurance intermediaries, and reserve financing arrangements pertaining to life insurance policies issued by domestic life insurers containing guaranteed non-level gross premiums, guaranteed non-level benefits and universal life insurance policies with secondary guarantees. The sections may be referred to as the Reinsurance Oversight Regulations.

Notes

Cal. Code Regs. Tit. 10, § 2303

1. New section filed 10-24-2006; operative 11-23-2006 (Register 2006, No. 43).
2. Change without regulatory effect amending section and NOTE filed 3-25-2015 pursuant to section 100, title 1, California Code of Regulations (Register 2015, No. 13).
3. Amendment of section and NOTE filed 11-27-2017; operative 1-1-2018 (Register 2017, No. 48).

Note: Authority cited: Sections 720, 730, 736, 739.9, 922.8, 922.85, 923, 924, 1011.5, 1215.9, 1781.12, 10489.94 and 12921, Insurance Code; CalFarm Insurance Company v. Deukmejian, 48 Cal. 3d 805 (1989); and 20th Century Insurance Company v. Garamendi, 8 Cal. 4th 216 (1994). Reference: Sections 700, 701, 717, 717.5, 730, 733, 736, 739, 900, 922.1, 922.2, 922.3, 922.31, 922.4, 922.41, 922.42, 922.43, 922.5, 922.6, 922.7, 922.8, 922.85, 922.9, 923, 924, 925, 925.2, 925.4, 1011, 1011.5, 1215.5(b)(3), 1215.5(f), 1781.10, 10489.1, 10489.12, 10489.96 and 12921, Insurance Code.

1. New section filed 10-24-2006; operative 11-23-2006 (Register 2006, No. 43).
2. Change without regulatory effect amending section and Note filed 3-25-2015 pursuant to section 100, title 1, California Code of Regulations (Register 2015, No. 13).
3. Amendment of section and Note filed 11-27-2017; operative 1/1/2018 (Register 2017, No. 48).