Okla. Stat. tit. 36, § 36-5109: Duties of reinsurer

A. A reinsurer shall not engage the services of any person,

firm, association or corporation to act as an RM on its behalf

unless such person is licensed as required by the Reinsurance

Intermediary Act.

B. The reinsurer shall annually obtain a copy of statements of

the financial condition of each RM which such reinsurer has engaged,

prepared by an independent certified accountant in a form acceptable

to the Commissioner.

C. If an RM establishes loss reserves, the reinsurer annually

shall obtain the opinion of an actuary attesting to the adequacy of

loss reserves established for losses incurred and outstanding on

business produced by the RM. This opinion shall be in addition to

any other required loss reserve certification.

D. 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 RM.

E. Within thirty (30) days of termination of a contract with an

RM, the reinsurer shall provide written notification of such

termination to the Commissioner.

F. A reinsurer shall not appoint to its board of directors, any

officer, director, employee, controlling shareholder or subproducer

of its RM. This subsection shall not apply to relationships

governed by Article 16A of the Insurance Code or, if applicable, the

Business Transacted with Producer Controlled Insurer Act.