Delaware § 1606 Duties of insurers utilizing services of reinsurance intermediary-broker

Delaware Statutes

§ 1606 — Duties of insurers utilizing services of reinsurance intermediary-broker

Delaware § 1606

Title18

PartInsurance

Ch. 16REINSURANCE INTERMEDIARY ACT

This text of Delaware § 1606 (Duties of insurers utilizing services of reinsurance intermediary-broker) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 18, § 1606 (2026).

Text

(a)An insurer shall not engage the services of any person, firm, association or corporation to act as an RB on its behalf unless such person is licensed as required by § 1603(a) of this title.

(b)An insurer may not employ an individual who is employed by an RB with which it transacts business, unless such RB is under common control with the insurer and subject to the Holding Company Act.

(c)The insurer shall annually obtain a copy of statements of the financial condition of each RB 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 an RB on its behalf unless such person is licensed as required by § 1603(a) of this title.

(b) An insurer may not employ an individual who is employed by an RB with which it transacts business, unless such RB is under common control with the insurer and subject to the Holding Company Act.

(c) The insurer shall annually obtain a copy of statements of the financial condition of each RB with which it transacts business.