44-5606 Insurer; prohibited acts; copy of statement of financial condition; obtain. - Nebraska Statutes

44-5606. Insurer; prohibited acts; copy of statement of financial condition; obtain.(1) An insurer shall not engage the services of any person, firm, association, or corporation to act as a reinsurance intermediary-broker on its behalf unless such person, firm, association, or corporation is licensed as required by subsection (1) of section 44-5603.(2) An insurer may not employ a person who is employed by a reinsurance intermediary-broker with which it transacts business unless such reinsurance intermediary-broker is under common control with the insurer and subject to the Insurance Holding Company System Act.(3) An insurer shall annually obtain a copy of statements of the financial condition of each reinsurance intermediary-broker with which it transacts business. SourceLaws 1992, LB 1006, § 60. Cross ReferencesInsurance Holding Company System Act, see section 44-2120.