Louisiana § 22:1726 Duties of insurers utilizing the services of a reinsurance intermediary-broker

Louisiana Statutes

§ 22:1726 — Duties of insurers utilizing the services of a reinsurance intermediary-broker

Louisiana·Title 22 Insurance

§1726. Duties of insurers utilizing the services of a reinsurance intermediary-broker

A.An insurer shall not engage the services of any person to act as a reinsurance intermediary-broker on its behalf, unless such person is licensed as required by R.S. 22:1723(A).

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 Insurance Holding Company System Regulatory Law, R.S. 22:691.1 et seq.

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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§1726. Duties of insurers utilizing the services of a reinsurance intermediary-broker
A. An insurer shall not engage the services of any person to act as a reinsurance
intermediary-broker on its behalf, unless such person is licensed as required by R.S.
22:1723(A).
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 Insurance Holding
Company System Regulatory Law, R.S. 22:691.1 et seq.
C. The insurer shall annually obtain a copy of statements of the financial condition
of each reinsurance intermediary-broker with which it transacts business.

Louisiana § 22:1726 (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

Acts 1992, No. 811, §1; Redesignated from R.S. 22:1210.25 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2011, No. 94, §1, eff. Jan. 1, 2012; Acts 2022, No. 161, §1.