Sec. 13. Credit shall be allowed to a domestic ceding insurer when the reinsurance is ceded to an assuming insurer not meeting the requirements of sections 8, 9, 10, 11, or 11.5 of this chapter, but only with respect to the insurance of risks located in jurisdictions where the reinsurance is required by applicable law or regulation of that jurisdiction.
As added by P.L.116-1994, SEC.54. Amended by P.L.81-2012, SEC.31.
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