- (a) An insurer shall not engage the services of any person, firm, association, or corporation to act as a RB on its behalf unless that person is licensed as required by this chapter.
- (b) An insurer may not employ an individual who is employed by a RB with which it transacts business, unless that RB is under common control with the insurer and subject to the Insurance Holding Company Systems Act, chapter 35 of this title.
- (c) The insurer shall annually obtain a copy of statements of the financial condition of each RB with which it transacts business.
History of Section.
P.L. 1992, ch. 445, § 1.