3 CCR 702-3-3-5-6 - Written Agreements

The reinsurance agreement shall contain provisions that provide that:

A. The agreement shall constitute the entire contract and agreement between the parties with respect to the business being reinsured thereunder and that there are no understandings between the parties other than as expressed in the agreement; and

B. Any change or modification to the agreement shall be null and void unless made by amendment to the agreement and signed by both parties.

C. The dual signature requirement of this section does not apply to facultative reinsurance agreements signed by the reinsurer.

Notes

3 CCR 702-3-3-5-6

37 CR 20, October 25,2014, effective 11/15/2014 37 CR 20, October 25,2014, effective 1/1/2015 37 CR 23, December 10, 2014, effective 1/1/2015 38 CR 17, September 10, 2015, effective 10/1/2015 39 CR 05, March 10, 2016, effective 4/1/2016 39 CR 14, July 25, 2016, effective 8/15/2016 39 CR 23, December 10, 2016, effective 1/1/2017 40 CR 03, February 10, 2017, effective 3/15/2017 40 CR 05, March 10, 2017, effective 4/1/2017 40 CR 13, July 10, 2017, effective 8/1/2017 40 CR 17, September 10, 2017, effective 11/1/2017 43 CR 06, March 25, 2020, effective 4/15/2020 44 CR 03, February 10, 2021, effective 3/15/2021 44 CR 23, December 10, 2021, effective 1/1/2022 46 CR 03, February 10, 2023, effective 3/2/2023