Arkansas Statutes
§ 23-62-407 — Duties of insurers utilizing the services of a reinsurance intermediary broker
Arkansas·Title 23
(a)An insurer shall not engage the services of any person, firm, association, or corporation to act as a reinsurance intermediary broker on its behalf unless the person is licensed as required by § 23-62-404 .
(b)An insurer may not employ an individual who is employed by a reinsurance intermediary broker with which it transacts business, unless the reinsurance intermediary broker is under common control with the insurer and subject to the Insurance Holding Company Regulatory Act, § 23-63-501 et seq.
(c)The insurer shall annually obtain a copy of statements of the financial condition of each reinsurance intermediary broker with which it transacts business.
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Arkansas § 23-62-407 (Duties of insurers utilizing the services of a reinsurance intermediary broker) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1993, No. 527, § 1.
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