- (a) An insurer shall not engage the services of any person, firm, association or corporation to act as a reinsurance broker on its behalf unless such person is licensed as required by subsection (a) of K.S.A. 40-4503.
- (b) An insurer may not employ an individual who is employed by a reinsurance broker with which it transacts business, unless such reinsurance broker is under common control with the insurer and subject to the holding company act.
- (c) The insurer shall annually obtain a copy of statements of the financial condition of each reinsurance broker with which it transacts business.
L. 1992, ch. 15, § 6; December 31.