{"data":{"id":"us-ca/ins-922.3","jurisdiction":"us-ca","citation":"INS § 922.3","heading":"","body":"Notwithstanding any other provision of law, credit for reinsurance, as either an asset or a deduction, shall not be allowed in any accounting or financial statement of the ceding insurer in respect to any so-called reinsurance contract unless, in such contract, the reinsurer undertakes to indemnify the ceding insurer, not only in form but in fact, against all or a part of the loss or liability arising out of the original insurance.","path":["Insurance Code - INS","DIVISION 1. GENERAL RULES GOVERNING INSURANCE [100. - 1879.8.]","PART 2. THE BUSINESS OF INSURANCE [680. - 1879.8.]","CHAPTER 1. General Regulations [680. - 1113.]","ARTICLE 10. Financial Statements of Insurers [900. - 925.4.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"6b7a4e18d21048d1d5d069670ffad408a7c703597fcc16425842b53046d4f9ef","source_id":"us-ca","stale":false,"prev":"us-ca/ins-922.2","next":"us-ca/ins-922.31"},"notice":"GroundRules: Original legal text. Not legal advice."}