A Brave New World For Reinsurance Credit Rules

Law360, New York (November 9, 2010, 3:08 PM EST) -- If you are a reinsurance lawyer or a financial accounting professional seeking simplicity and uniformity, what would you say to a law that would nullify all U.S. state reinsurance credit rules that are applied by nondomestic states on an extraterritorial basis in favor of reinsurance credit rules being applied only by the ceding insurer’s domestic state?

You would probably say you are all for it. In which case you will probably be all for §531(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act enacted...
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