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  6. Chapter 40 INSURANCE
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  8. Article 45 REGULATION OF REINSURANCE INTERMEDIA...


Article 45 REGULATION OF REINSURANCE INTERMEDIARIES


  • 40-4501 Citation of act.
  • 40-4502 Definitions.
  • 40-4503 Licensure of reinsurance brokers, managers and intermediaries, application fee; nonresidents, designation of agent for service of process; refund of commissioner to issue license; exemption for attorneys.
  • 40-4504 Contracts between reinsurance brokers and insurers; written authorization required, contents.
  • 40-4505 Same; records to be maintained by reinsurance broker; rights of insurer to access, copy and audit records.
  • 40-4506 Same; conditions; broker to provide insurer annual statement of financial condition.
  • 40-4507 Contracts between reinsurance managers and reinsurers; writing and commissioner's approval required; contents.
  • 40-4508 Same; reinsurance managers precluded from taking certain actions.
  • 40-4509 Same; conditions; manager to provide reinsurer annual statement of financial condition; actuarial opinion on adequacy of loss reserves; authority over retrocessional contracts and syndicate participation; notice of contract termination to commissioner; reinsurance manager, officers, directors, employees, controlling shareholders and subproducers ineligible for appointment to reinsurer board.
  • 40-4510 Examination; access to books, bank accounts and records.
  • 40-4512 Rules and regulations.
  • 40-4513 Continuation of existing contracts.
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