Ind. Code § 27-6-9-20
Engagement of services of reinsurance intermediary-broker; employment of an individual employed by an RB; financial condition; requirements
Indiana · Indiana Code Title 27 — Insurance · Status: effective
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- Ind. Code § 27-6-9-20, Engagement of services of reinsurance intermediary-broker; employment of an individual employed by an RB; financial condition; requirements, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1663393
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Full text
Sec. 20.
(a) An insurer may not engage the services of any person, firm, association, or corporation to act as a RB on its behalf unless such person is licensed as required by section 12 of this chapter.
(b) An insurer may not employ an individual who is employed by a RB with which it transacts business unless the RB is under common control with the insurer and subject to IC 27-1-23.
(c) The insurer shall annually obtain a copy of statements of the financial condition of each RB with which it transacts business.