Connecticut § 38a-760e Prohibited practices of insurers. Annual statements of financial condition.

Connecticut Statutes

§ 38a-760e — Prohibited practices of insurers. Annual statements of financial condition.

Connecticut·Title 38a Insurance·Ch. 701e (Insurance Administrators) Reinsurance Intermediary Act

(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 such person is licensed as required by section 38a-760b.

(b)An insurer may not employ an individual who is employed by a reinsurance intermediary-broker with which it transacts business, unless such reinsurance intermediary-broker is under common control with the insurer and subject to the provisions of sections 38a-129 to 38a-140 , inclusive.

(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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(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 such person is licensed as required by section 38a-760b. (b) An insurer may not employ an individual who is employed by a reinsurance intermediary-broker with which it transacts business, unless such reinsurance intermediary-broker is under common control with the insurer and subject to the provisions of sections 38a-129 to 38a-140 , inclusive. (c) The insurer shall annually obtain a copy of statements of the financial condition of each reinsurance intermediary-broker with which it transacts business.

Connecticut § 38a-760e (Prohibited practices of insurers. Annual statements of financial condition.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.