521C.6 Duties of insurers utilizing the services of a reinsurance intermediary-broker.
1. An insurer shall not engage the services of a person, firm, association, or corporation to act as a reinsurance intermediary-broker on its behalf unless the person is licensed as required by section 521C.3, subsection 1.
2. An insurer shall not employ an individual who is employed by a reinsurance intermediary-broker with which the insurer transacts business, unless such reinsurance intermediary-broker is under common control with the insurer and subject to chapter 521A relating to the regulation of insurance company holding systems.
3. The insurer shall annually obtain a copy of statements of the financial condition of each reinsurance intermediary-broker with which the insurer transacts business.
91 Acts, ch 26, §24
Structure Iowa Code
Chapter 521C - REINSURANCE INTERMEDIARIES
Section 521C.4 - Required contract provisions — reinsurance intermediary-brokers.
Section 521C.5 - Books and records — reinsurance intermediary-brokers.
Section 521C.6 - Duties of insurers utilizing the services of a reinsurance intermediary-broker.
Section 521C.7 - Required contract provisions — reinsurance intermediary-managers.
Section 521C.8 - Prohibited acts.
Section 521C.9 - Duties of reinsurers utilizing the services of a reinsurance intermediary-manager.
Section 521C.10 - Examination authority.
Section 521C.11 - Penalties and liabilities.
Section 521C.13 - Service of process made on the commissioner as the agent for service of process.