GroundRules
INS § 1781.6
Where this section sits in the code
- Insurance Code - INS
- DIVISION 1. GENERAL RULES GOVERNING INSURANCE [100. - 1879.8.]
- PART 2. THE BUSINESS OF INSURANCE [680. - 1879.8.]
- CHAPTER 6.5. Reinsurance Intermediaries [1781.1. - 1781.14.]
(a) An insurer shall 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 subdivision (a) of Section 1781.3.
(b) 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 Article 4.7 (commencing with Section 1215) of Chapter 2.
(c) The insurer shall annually obtain a copy of statements of the financial condition of each reinsurance intermediary-broker with which it transacts business.
Collected 2026-09-14T05:56:33Z. Source file · JSON