On reinsurance, in 1984 we passed a new act on reinsurance in terms of what has got to be put up from the  unauthorized reinsurers to insure that there are some funds available, in case those insurers disappear.

• We have taken action on reinsurance.  
• We have taken additional action because we see it as a problem that is starting to emerge, and a problem we would like to get a handle on. 

--  John Washburn - Illinois Insurance Commissioner - 11/1/1983 - 9/1/1989

1986 0618 - NAIC / GOV - Edward Muhl (MD) and John Washburn (IL) - Insurance company solvency [draft] - 53p