MLchartDataset catalogue

Regulation 114 trust

Term · Insurance and risk management · MLC-T-INS-002835

A trust account established by a non-admitted reinsurer to hold assets in the United States, as required by New York Insurance Department Regulation 114. This mechanism provides security for the ceding insurer by making the reinsurer's obligations more accessible in the event of a claim. The trust assets are typically held by a qualified U.S. financial institution and are subject to specific valuation and reporting requirements.

Table 1. Record
IdentifierMLC-T-INS-002835
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002835",
  "term": "Regulation 114 trust",
  "field": "Insurance and risk management",
  "definition": "A trust account established by a non-admitted reinsurer to hold assets in the United States, as required by New York Insurance Department Regulation 114. This mechanism provides security for the ceding insurer by making the reinsurer's obligations more accessible in the event of a claim. The trust assets are typically held by a qualified U.S. financial institution and are subject to specific valuation and reporting requirements.",
  "url": "https://mlchart.com/terminology/insurance/regulation-114-trust/"
}

Record 2,868 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.