District of Columbia Statutes
§ 31-1805 — Duties of insurers utilizing the services of a reinsurance intermediary-broker.
(a)An insurer shall not engage the services of any person, firm, association, or corporation to act as a reinsurance broker on its behalf unless the person is licensed as required by § 31-1802(a) .
(b)An insurer may not employ an individual who is employed by a reinsurance broker with which it transacts business, unless the reinsurance broker is under common control with the insurer and subject to Chapter 7 of this title .
(c)The insurer shall annually obtain a copy of statements of the financial condition of each reinsurance broker with which it transacts business.
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District of Columbia § 31-1805 (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
Oct. 21, 1993, D.C. Law 10-47, § 6, 40 DCR 6093
Nearby Sections
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§ 31-1001
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