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NAIC Credit for Reinsurance Model Law

Establishes the conditions under which a ceding insurer may take credit for reinsurance on its financial statements, including collateral and reinsurer certification requirements. Applies to insurers entering into reinsurance agreements.

10

Rules extracted

72

Obligations decomposed

7.2x

Avg obligations per rule

🇺🇸 United States

Jurisdiction

About this regulation

Model law adopted by most states governing the conditions under which a domestic ceding insurer may take credit for reinsurance on its financial statements. Covers licensed reinsurers, accredited reinsurers, certified reinsurers, reciprocal jurisdictions, and trust fund requirements.

What AuditDSS covers

Source

1

Regulation

Extracted

10

Rules

Decomposed

72

Obligations

7.2x

Decomposition ratio

Each rule is decomposed into an average of 7.2 atomic obligations — the smallest testable units that can be independently violated.

Fully extracted & scored

All 72 obligations have been decomposed, titled, risk-scored, and embedded for semantic matching.

Risk scoring

Every obligation in Model Law #785 is scored across independent risk dimensions:

W

Obligation Weight

How critical within the regulatory framework

L

Violation Likelihood

How often breached in practice

E

Enforcement Evidence

Regulator enforcement history and penalties

C

Cascade Dependency

How many obligations depend on this one

Regulatory details

Full title
NAIC Credit for Reinsurance Model Law
Regulatory body
National Association of Insurance Commissioners
Jurisdiction
🇺🇸 United States
Document type
model-law
Effective date
June 1, 2019
Issuing authority
National Association of Insurance Commissioners (NAIC)
Industry
Insurance
Official source
View source document ↗

Who this applies to

ceding insurersassuming insurersreinsurerscertified reinsurers

Key requirements

  • credit for reinsurance standards
  • accredited reinsurer requirements
  • certified reinsurer collateral ratings
  • qualified jurisdiction evaluation
  • reciprocal jurisdiction recognition
  • trust fund requirements
  • concentration risk management

Frequently asked questions about Model Law #785

What is Model Law #785?

Model law adopted by most states governing the conditions under which a domestic ceding insurer may take credit for reinsurance on its financial statements. Covers licensed reinsurers, accredited reinsurers, certified reinsurers, reciprocal jurisdictions, and trust fund requirements.

Who does Model Law #785 apply to?

Model Law #785 applies to ceding insurers, assuming insurers, reinsurers, certified reinsurers.

How many obligations does Model Law #785 contain?

AuditDSS has decomposed Model Law #785 into 72 atomic obligations from 10 rules. Each obligation is independently testable and risk-scored.

What are the key requirements of Model Law #785?

The key requirements include: credit for reinsurance standards, accredited reinsurer requirements, certified reinsurer collateral ratings, qualified jurisdiction evaluation, reciprocal jurisdiction recognition, trust fund requirements, concentration risk management.

How can I assess my Model Law #785 compliance?

Upload your compliance policy to AuditDSS. The platform maps your document against all 72 Model Law #785 obligations using deterministic AI scoring — not checklists or LLM summaries. You get a risk-scored gap analysis showing exactly which obligations are covered, partially covered, or missing.

Which jurisdiction enforces Model Law #785?

Model Law #785 is enforced in United States by National Association of Insurance Commissioners.

When did Model Law #785 come into effect?

Model Law #785 became effective on June 1, 2019.

What industry does Model Law #785 apply to?

Model Law #785 is primarily relevant to the Insurance industry. AuditDSS covers 98 regulations in this industry sector.

Build a Model Law #785 compliance pack

Don't have a compliance policy yet? AuditDSS generates a complete compliance pack for Model Law #785 — alone or combined with other regulations your business needs. Every clause is mapped to specific obligations.

Policy

High-level commitments and governance framework covering Model Law #785 requirements.

Procedures

Step-by-step operational procedures to implement each policy commitment.

Forms & checklists

Ready-to-use forms, registers, and checklists for day-to-day compliance operations.

Multi-regulation

Combine Model Law #785 with other regulations into a single unified compliance pack for your business.

Already have a policy? Assess it against Model Law #785

1

Upload your document

Upload your compliance policy, program manual, or operational document. AuditDSS accepts any text-based document.

2

AI maps against 72 obligations

Your document is scored against every obligation in Model Law #785. Each claim is mapped to the obligation tree and evaluated for coverage.

3

Risk-scored gap report

Receive every gap ranked by risk priority with remediation guidance, enforcement evidence, and cascade impact analysis.

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Assess your Model Law #785 compliance

Upload your document and get a risk-scored gap analysis against 72 Model Law #785 obligations in under 5 minutes.