20:06:30:09Execution of agreement, amendment, or letter of

intent required. A reinsurance agreement or an amendment to an agreement may not be used to reduce a liability or to establish an asset in any financial statement filed with the division unless the agreement, amendment, or a binding letter of intent has been executed by both parties no later than the "as of date" of the financial statement.

Source: 22 SDR 52, effective October 25, 1995.