KRS 304.9-720: Insurers required to engage services of only licensed reinsurance

intermediary brokers.

(1) 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 th e

person is licensed as required by subsection (1) of KRS 304.9-705.

(2) An insurer shall not employ an individual who is employed by a reinsurance

intermediary broker with which it transacts business, unless the reinsurance

intermediary broker is under co mmon control with the insurer and is subject to

Subtitle 37 of this chapter.

(3) The insurer shall annually obtain a copy of statements of the financial condition of

each reinsurance intermediary broker with which it transacts business.