Federation of Regulatory Counsel Quarterly Journal 

Reinsurance obligations can be secured in a number of ways, including trust agreements, letters of credit, funds on deposit accounts, funds withheld arrangements and pledges. Reinsurers are not subject to direct regulation, but in order for a U.S. insurer to obtain credit for reinsurance, the assuming reinsurer must be authorized or accredited in the ceding insurer's jurisdiction, or the reinsurer must post collateral in an amount equal to 100% of gross liabilities in accordance with applicable law.

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