View all text of Subchapter II [§ 8221 - § 8223]
§ 8223. Definitions
For purposes of this subchapter, the following definitions shall apply:
(1) Ceding insurer
(2) Domiciliary State
(3) NAIC
(4) Reinsurance
(5) Reinsurer
(A) In general
The term “reinsurer” means an insurer to the extent that the insurer—
(i) is principally engaged in the business of reinsurance;
(ii) does not conduct significant amounts of direct insurance as a percentage of its net premiums; and
(iii) is not engaged in an ongoing basis in the business of soliciting direct insurance.
(B) Determination
(6) State
(Pub. L. 111–203, title V, § 533, July 21, 2010, 124 Stat. 1595.)