IC 27-6-9 – Reinsurance Intermediaries | Midpage

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Indiana Code

Chapter 9

IC 27-6-9

Reinsurance Intermediaries

1Actuary 2Commissioner 3Controlling person 4Insurer 5Licensed producer 6Reinsurance intermediary 7Reinsurance intermediary-broker 8Reinsurance intermediary-manager 9Reinsurer 10To be in violation 11"Qualified United States financial institution"12Reinsurance intermediary-broker; requirements 13Reinsurance intermediary-manager; requirements 14Bond; errors and omissions policy 15Reinsurance intermediary license; issuance; application; authority to act; nonresidents 16Refusal to issue license; conditions; summary 17Attorneys; exemptions 18Transactions between reinsurance intermediary-broker and insurer; written authorization; contents 19Record of transactions; contents; insurer access 20Engagement of services of reinsurance intermediary-broker; employment of an individual employed by an RB; financial condition; requirements 21Transactions between reinsurance intermediary-manager and reinsurer; written contract; contents 22Binding of retrocessions on behalf of reinsurers by RM; conditions; reinsurance syndicates; appointment of producers; payment of claims; collection of payment; settlements; employment of reinsurer e 23Engagement of services of a reinsurance intermediary-manager; statement of financial condition; loss reserves; authority to contract; termination; board of directors 24Examination by commissioner; access to records 25Violations; penalties; review; effect on third parties 26Rules for implementation and administration of chapter