Transactions between a manager and the reinsurer it represents in such capacity shall only be entered into pursuant to a written contract, specifying the responsibilities of each party, which shall be approved by the reinsurer’s board of directors. At least 30 days before such reinsurer assumes or cedes business through such producer, a true copy of the approved contract shall be filed with the Commissioner for approval. The contract shall, at a minimum, provide that:
History. Code 1981, § 33-49-7 , enacted by Ga. L. 1991, p. 1424, § 8.
Structure Georgia Code
Chapter 49 - Reinsurance Intermediaries
§ 33-49-4. Written Authorization of Relationship Required; Contents
§ 33-49-5. Retention of Records
§ 33-49-7. Written Contract Required Between Manager and Reinsurer; Contents
§ 33-49-8. Restrictions on Manager’s Operations
§ 33-49-9. Restrictions on Reinsurer’s Operations
§ 33-49-10. Examination of Reinsurance Intermediaries and Managers by Commissioner