| (3)__Furnish to the reinsurance vehicle, the | superintendent and the ceding insurer a statement of | all assets in the trust account referred to in | paragraph E reported at fair value upon its inception | and at intervals no less frequent than the end of each | calendar quarter; |
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| (4)__Notify the reinsurance vehicle and the ceding | insurer within 10 days of any deposits to or | withdrawals from the trust account referred to in | paragraph E; |
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| (5)__Upon written demand of the ceding insurer, | immediately take steps necessary to transfer absolutely | all right, title and interest in the assets held in the | trust account referred to in paragraph E to the ceding | insurer and deliver physical custody of the assets to | the ceding insurer; and |
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| (6)__Allow no substitutions or withdrawals of assets | from the trust account referred to in paragraph E | except on written instructions from the ceding insurer. |
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| I.__The trust agreement described in paragraph E must | provide that at least 30 days but not more than 45 days | before termination of the trust account written notification | of termination must be delivered by the 3rd party to the | ceding insurer. |
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| J.__The trust agreement described in paragraph E may be made | subject to and governed by the laws of any state in addition | to the requirements for the trust as provided in this | subchapter as long as the state is disclosed in the plan of | operation filed with and approved by the superintendent. |
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| K.__The trust agreement described in paragraph E must | prohibit invasion of the trust account referred to in | paragraph E for the purpose of paying compensation to or | reimbursing the expenses of the trustee. |
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| L.__The trust agreement described in paragraph E must | provide that the trustee be liable for the trustee's own | negligence, willful misconduct or lack of good faith. |
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| (1)__Notwithstanding the provisions of paragraph F, subparagraphs | (3) to (5) and paragraph M, subparagraph (5), when a trust | agreement described in paragraph E is established in conjunction | with a contract, then the trust agreement may provide that the | ceding insurer shall undertake to use and apply any amounts drawn | upon |
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