As used in this chapter, 'reinsurance intermediary-broker' or, 'RB' means any person, other than an officer or employee of the ceding insurer, 'firm,' association, or corporation who solicits, negotiates, or places reinsurance cessions or retrocessions on behalf of a ceding insurer without the authority or power to bind reinsurance on behalf of that insurer.As added by P.L.26-1991, SEC.26.
Indiana Legal Code