| (5)__Reference may not be made to the fact that these | funds may represent reinsurance premiums or that the | funds have been deposited for any specific purpose. |
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| G.__The trust agreement described in paragraph E must be | established for the sole use and benefit of the ceding | insurer at least to the full extent of the reinsurance | vehicle's obligations to the ceding insurer under the | contract.__In the case of more than one ceding insurer, a | separate trust agreement must be entered into with each | ceding insurer and a separate trust account must be | maintained for each ceding insurer. |
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| H.__The trust agreement described in paragraph E must | provide for the trustee to: |
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| (1)__Receive assets and hold all assets in a safe | place; |
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| (2)__Determine that all assets are in a form that the | ceding insurer or the trustee, upon direction by the | ceding insurer, may whenever necessary negotiate the | assets, without consent or signature from the | reinsurance vehicle or any other person or entity; |
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| (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 |
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