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2017 Mississippi Code
Title 83 - Insurance
Chapter 19 - Domestic Companies
Reinsurance Intermediary Act
§ 83-19-211. Required and prohibited acts of insurer with respect to reinsurance intermediary brokers
Universal Citation: MS Code § 83-19-211 (2017)
- (1) An insurer shall not engage the services of any person, firm, association or corporation to act as a reinsurance intermediary broker on its behalf unless such person is licensed as required by Section 83-19-205.
- (2) An insurer may not employ an individual who is employed by a reinsurance intermediary broker with which it transacts business, unless such reinsurance intermediary broker is under common control with the insurer and subject to the Holding Company Act.
- (3) The insurer shall obtain annually a copy of statements of the financial condition of each reinsurance intermediary broker with which it transacts business.
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