The Office of the Insurance Commissioner for Washington State recently adopted rules that amend the existing Credit for Reinsurance rules within the state. In addition, that office adopted new rules to conform Washington’s rules regarding credit for reinsurance to the NAIC Credit for Reinsurance Model Regulation and amendments made by the 2015 legislative session to the credit for reinsurance laws. The new rules went into effect on January 2, 2016.

Washington Insurance Commissioner Matter No. R 2015-09.