While a reinsurer’s accreditation or certification is suspended, no reinsurance contract issued or renewed after the effective date of the suspension qualifies for credit except to the extent that the reinsurer’s obligations under the contract are secured in accordance with § 58-14-16. If a reinsurer’s accreditation or certification is revoked, no credit for reinsurance may be granted after the effective date of the revocation except to the extent the reinsurer’s obligations under the contract are secured in accordance with § 58-14-16 or §§ 58-14-16.8 to 58-14-16.13, inclusive.

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Source: SL 2017, ch 211, § 32.