- (1) An insurer shall not engage the services of any person, firm, association or corporation to act as a RB on its behalf unless such person is licensed as required in section 41-5103 (1), Idaho Code.
- (2) An insurer may not employ an individual who is employed by a RB with which it transacts business, unless such RB is under common control with the insurer and subject to the provisions of chapter 38, title 41, Idaho Code.
- (3) The insurer shall annually obtain a copy of the statement of the financial condition of each RB with which it transacts business.
[41-5106, added 1992, ch. 82, sec. 1, p. 252.]