Engagement of services of reinsurance intermediary-broker; employment of an individual employed by an RB; financial condition; requirements

Ind. Code § 27-6-9-20
in effect
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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. As added by P.L.26-1991, SEC.26.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/27Fetched: 10/17/2026

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