New Jersey Statutes
§ 17:22E-17 — Binding authority for retrocessional contracts, reinsurance syndicates
New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
17.Binding authority for all retrocessional contracts or participation in reinsurance syndicates shall rest with an officer of the reinsurer who shall not be affiliated with the reinsurance intermediary-manager. L.1993,c.244,s.17.
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New Jersey § 17:22E-17 (Binding authority for retrocessional contracts, reinsurance syndicates) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 17:22E-1
Definitions§ 17:22E-10
Employment restrictions§ 17:22E-12
Written contract required for transactions between reinsurance intermediary-manager and reinsurer§ 17:22E-16
Adequacy of loss reserves§ 17:22E-18
Written notice of contract termination§ 17:22E-20
Examination of reinsurance intermediary§ 17:22E-21
Violations; penalties§ 17:22E-22
Rights not restricted, limited