521C.6 Duties of insurers utilizing the services of a reinsurance intermediary-broker. 1. An insurer shall not engage the services of a person, firm, association, or corporation to act as a reinsurance intermediary-broker on its behalf unless the person is licensed asrequired by section 521C.3, subsection 1. 2. An insurer shall not employ an individual who is employed by a reinsurance intermediary-broker with which the insurer transacts business, unless such reinsuranceintermediary-broker is under common control with the insurer and subject to chapter 521Arelating to the regulation of insurance company holding systems. 3. The insurer shall annually obtain a copy of statements of the financial condition of each reinsurance intermediary-broker with which the insurer transacts business. 91 Acts, ch 26, §24 Sat Dec 23 00:52:53 2023 Iowa Code 2024, Section 521C.6 (16, 0)
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