Louisiana Revised Statutes 22:1730 – Examination authority
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Louisiana Revised Statutes 22:1730
- Reinsurance intermediary: shall mean a reinsurance intermediary-broker or a reinsurance intermediary-manager. See Louisiana Revised Statutes 22:1722
- Reinsurance intermediary-manager: shall mean any person who has authority to bind or manages all or part of the assumed reinsurance business of a reinsurer, including the management of a separate division, department, or underwriting office, and acts as an agent for such reinsurer, whether known as a reinsurance intermediary-manager, manager, or other similar term. See Louisiana Revised Statutes 22:1722
- Reinsurer: shall mean any person duly licensed in this state, pursuant to the applicable provisions of this Code, as an insurer with the authority to assume reinsurance. See Louisiana Revised Statutes 22:1722
A. Any reinsurance intermediary shall be 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.
B. A reinsurance intermediary-manager may be examined as if it were the reinsurer.
Acts 1992, No. 811, §1; Redesignated from La. Rev. Stat. 22:1210.29 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.