Sec. 125.7. Certificate of recognition

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The superintendent may issue a certificate of recognition as an accredited reinsurer to each assuming insurer that is complying with the provisions of section 125.4(a), (b), (c) or (d) of this Part. The superintendent may issue a certificate of recognition as a certified insurer to each assuming insurer that is complying with the provisions of section 125.4(h) of this Part. No ceding insurer shall take credit for reinsurance recoverables from such an assuming insurer unless such assuming insurer has a valid certificate of recognition in force. Such certificate shall have a continuous term until revoked, suspended or otherwise terminated by the superintendent.

                    
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