Sec. 24. (a) A reinsurance intermediary is subject to examination by the commissioner. The commissioner shall have access to all books, bank accounts, and records of the reinsurance intermediary in a form usable to the commissioner.

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Terms Used In Indiana Code 27-6-9-24

  • commissioner: refers to the insurance commissioner appointed under IC 27-1-1-2. See Indiana Code 27-6-9-2
  • reinsurance intermediary: means :

    Indiana Code 27-6-9-6

  • reinsurer: means any person, firm, association, or corporation duly licensed in Indiana pursuant to the applicable provisions of the insurance law as an insurer with the authority to assume reinsurance. See Indiana Code 27-6-9-9
     (b) A RM may be examined as if it were the reinsurer.

As added by P.L.26-1991, SEC.26.

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