Revisions to the Credit for Reinsurance rule serve to reduce reinsurance consumer protection collateral requirements for certified reinsurers that are licensed and domiciled in "Qualified Jurisdictions". Under the previous version of the Credit for Reinsurance Models, in order for U.S. ceding insurers to receive reinsurance credit, the reinsurance was required to be ceded to U.S.-licensed reinsurers or secured by collateral representing 100% of U.S. liabilities for which the credit is recorded. Utah does not currently have any domestic insurance companies or reinsurance companies that are impacted by the revisions to this rule. The revisions ensure uniformity with the NAIC model law and regulation and with other state jurisdictions that have adopted the revisions.