(1) The trust fund for a group of incorporated insurers
under common administration, whose members possess aggregate policyholders
surplus of $10,000,000,000 required by 33-2-1216(5) (b) , MCA, must
be calculated and reported in substantially the same manner as prescribed by
the annual statement instructions and Accounting Practices and Procedures
Manual of the NAIC and which has continuously transacted an insurance business
outside the United States for at least 3 years immediately prior to making
application for accreditation, shall consist of funds in trust in an amount not
less than the assuming insurers' liabilities attributable to business ceded by
United States ceding insurers to any members of the group pursuant to
reinsurance contracts issued in the name of such group and, in addition, the
group shall maintain a joint trusteed surplus of which $100,000,000 shall be
held jointly for the benefit of United States ceding insurers of any member of
the group. The group shall file a properly executed Form AR-1 as evidence
of the submission to this state's authority to examine the books and records of
any of its members and shall certify that any members examined will bear the
expense of any such examination. The group shall make available to the
commissioner annual certifications by the members' domiciliary regulators and
their independent public accountants of the solvency of each member of the
group.