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

Delaware Statutes

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

Delaware·Title 18·Part Insurance·Ch. 16 REINSURANCE INTERMEDIARY ACT

(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.

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