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2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 521C - REINSURANCE INTERMEDIARIES
521C.6 - DUTIES OF INSURERS UTILIZING THE SERVICES OF A REINSURANCE INTERMEDIARY-BROKER.

        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.
         Section History: Recent Form
         91 Acts, ch 26, §24

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