20-1094. Approval of reinsurance
agreements
Notwithstanding section 20-732, an unaffiliated credit life and disability reinsurer
shall file with the director all reinsurance agreements and amendments to which the
reinsurer is a party. The agreement or amendment is not effective until the agreement or
amendment is approved by the director. The agreement is deemed approved if the director
does not disapprove the agreement within thirty days after the reinsurer files the
agreement with the director.
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