§ 223.15 - Paid-up capital and surplus for Treasury rating purposes; how determined.  


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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.

    [42 89 FR 8637, Feb. 11, 197748837, June 10, 2024]