- An insurer shall not engage the services of any person, firm, association, or corporation to act as a reinsurance broker on its behalf unless the person is licensed as required by § 31-1802(a).
- An insurer may not employ an individual who is employed by a reinsurance broker with which it transacts business, unless the reinsurance broker is under common control with the insurer and subject to Chapter 7 of this title.
- The insurer shall annually obtain a copy of statements of the financial condition of each reinsurance broker with which it transacts business.
Historical and Statutory
1981 Ed., § 35-3105.
Legislative History of Laws
For legislative history of D.C. Law 10-47, see Historical and Statutory Notes following § 31-1801.
DC CODE § 31-1805
Current through December 11, 2012
(Oct. 21, 1993, D.C. Law 10-47, § 6, 40 DCR 6093.)