Indiana § 27-6-9-20 Engagement of services of reinsurance intermediary-broker;
employment of an individual employed by an RB; financial condition;
requirements

Indiana Statutes

§ 27-6-9-20 — Engagement of services of reinsurance intermediary-broker; employment of an individual employed by an RB; financial condition; requirements

Indiana·Title 27 INSURANCE·Art. 6 REINSURANCE; INTERINSURANCE;·Ch. 9 Reinsurance Intermediaries

(a)An insurer may not engage the services of any person, firm, association, or corporation to act as a RB on its behalf unless such person is licensed as required by section 12 of this chapter.

(b)An insurer may not employ an individual who is employed by a RB with which it transacts business unless the RB is under common control with the insurer and subject to IC 27-1-23.

(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 may not engage the services of
any person, firm, association, or corporation to act as a RB on its behalf
unless such person is licensed as required by section 12 of this chapter.
(b) An insurer may not employ an individual who is employed by a
RB with which it transacts business unless the RB is under common
control with the insurer and subject to IC 27-1-23.
(c) The insurer shall annually obtain a copy of statements of the
financial condition of each RB with which it transacts business.

Indiana § 27-6-9-20 (Engagement of services of reinsurance intermediary-broker; employment of an individual employed by an RB; financial condition; requirements) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.