La. Rev. Stat. § 22:1726
Duties of insurers utilizing the services of a reinsurance intermediary-broker
Louisiana · Louisiana Revised Statutes Title 22 — Insurance · Status: effective
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- Citation
- La. Rev. Stat. § 22:1726, Duties of insurers utilizing the services of a reinsurance intermediary-broker, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2705403
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Full text
A. An insurer shall not engage the services of any person to act as a reinsurance intermediary-broker on its behalf, unless such person is licensed as required by R.S. 22:1723(A).
B. 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 Insurance Holding Company System Regulatory Law, R.S. 22:691.1 et seq.
C. The insurer shall annually obtain a copy of statements of the financial condition of each reinsurance intermediary-broker with which it transacts business.