(4)__Require that all settlements of account between the ceding insurer and the reinsurance vehicle be made in cash or its equivalent; and

(5)__Stipulate that the reinsurance vehicle and the ceding insurer agree that the assets in the trust account referred to in paragraph E and established pursuant to the provisions of the contract may be withdrawn by the ceding insurer at any time notwithstanding any other provisions in the contract and must be used and applied by the ceding insurer or any successor by operation of law of the ceding insurer, including, but not limited to, and subject to the provisions of section 793, any liquidator, rehabilitator, receiver or conservator of the ceding insurer, without diminution because of insolvency on the part of the ceding insurer or the reinsurance vehicle, only for the following purposes:

(a)__To transfer all such assets into one or more trust accounts pursuant to Paragraph L for the benefit of the ceding insurer pursuant to the terms of the contract and in compliance with this subchapter; and

(b)__To pay any other amounts that the ceding insurer claims are due under the contract.

N.__The contract entered into by the reinsurance vehicle may contain provisions that give the reinsurance vehicle the right to seek approval from the ceding insurer to withdraw from the trust account referred to in paragraph E all or part of the assets contained in the trust account and to transfer the assets to the reinsurance vehicle as long as:

(1)__The reinsurance vehicle shall at the time of the withdrawal replace the withdrawn assets with other qualified assets having a fair value equal to the fair value of the assets withdrawn and that meet the requirements of section 795; and

(2)__After the withdrawals and transfer, the fair value of the assets in the trust account referred to in paragraph E__securing the obligations of the