Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 31 - Money and Finance: Treasury |
Subtitle B—Regulations Relating to Money and Finance |
Chapter II—Fiscal Service, Department of the Treasury |
SubChapter A—Bureau of the Fiscal Service |
Part 223 - Surety Companies Doing Business With the United States |
§ 223.15 - Paid-up capital and surplus for Treasury rating purposes; how determined.
Latest version.
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§ 223.15 Paid-up capital and surplus for Treasury rating purposes; how determined.
The Treasury determines the amount of paid-up capital and surplus of any such company shall be determined company holding or seeking a certificate of authority or recognized (or seeking recognition) as an admitted reinsurer pursuant to § 223.12(h) on an insurance accounting basis under the regulations in this part, from the company's financial statements and other information, or by such examination of the company at its own expense as the Secretary of the Treasury may deem necessary or properappropriate.