31A-23a-804. Duties of insurers utilizing the services of a reinsurance
intermediary-broker.
(1) An insurer may not engage the services of any person, firm, association, or
corporation to act as a reinsurance intermediary-broker on its behalf unless the person is licensed
as required by Subsection 31A-23a-801(1).
(2) An insurer may not employ an individual who is employed by a reinsurance
intermediary-broker with which it transacts business, unless the reinsurance intermediary-broker
is under common control with the insurer and subject to Title 31A, Chapter 16, Insurance
Holding Companies.
(3) The insurer shall annually obtain a copy of statements of the financial condition of
each reinsurance intermediary-broker with which it transacts business.
Renumbered and Amended by Chapter 298, 2003 General Session
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Last revised: Thursday, May 28, 2009