2016 Delaware Code
Title 18 - Insurance Code
CHAPTER 16. REINSURANCE INTERMEDIARY ACT
§ 1606. Duties of insurers utilizing services of re in sur ance intermediary-broker.
(a) An insurer shall not engage the services of any person, firm, association or corporation to act as an RB on its behalf unless such person is licensed as required by § 1603(a) of this title.
(b) An insurer may not employ an individual who is employed by an RB with which it transacts business, unless such RB 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 RB with which it transacts business.
68 Del. Laws, c. 69, § 1.;
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