79143038.2-1316.1Virginia Decodedhttps://vacode.org2016InsuranceReports, Reserves And Examinations, Insurance Holding Companies, Reinsurance Intermediaries, And Managing General AgentsReinsuranceDefinitions1991, c. 264; 2012, c. 539.As used in this article unless the context requires another meaning:section1 Is organized or, in the case of a United States office of a foreign banking organization, is licensed, under the laws of the United States or any state thereof;section112 Is regulated, supervised, and examined by the United States federal or state authorities having regulatory authority over banks and trust companies; andsection222 Has been determined by either the Commission or the Securities Valuation Office of the National Association of Insurance Commissioners to meet such standards of financial condition and standing as are considered necessary and appropriate to regulate the quality of financial institutions whose letters of credit will be acceptable to the Commission.section332 Is organized or, in the case of a United States branch or agency office of a foreign banking organization, is licensed, under the laws of the United States or any state thereof and has been granted authority to operate with fiduciary powers; andsection112 Is regulated, supervised and examined by federal or state authorities having regulatory authority over banks and trust companies.section222http://law.lis.virginia.gov/vacode/38.2-1316.1/38.2-1316.4Credit allowed any ceding insurer/38.2-1316.4//38.2-1316.1/38.2/13/3.1/38.2-1316.138.2-131238.2-20838.2-252938.2-431965.2-802