15 USC 8223 - Definitions

(1)

Ceding insurer

(2)

Domiciliary State

(3)

NAIC

(4)

Reinsurance

(5)

Reinsurer

(A)

In general

The term “reinsurer” means an insurer to the extent that the insurer—

(i)

is principally engaged in the business of reinsurance;

(ii)

does not conduct significant amounts of direct insurance as a percentage of its net premiums; and

(iii)

is not engaged in an ongoing basis in the business of soliciting direct insurance.

(B)

Determination

(6)

State