Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4
Section 40-4506 - Same; conditions; broker to provide insurer annual statement of financial condition(a) An insurer shall not engage the services of any person, firm, association or corporation to act as a reinsurance broker on its behalf unless such person is licensed as required by subsection (a) of K.S.A. 40-4503.(b) An insurer may not employ an individual who is employed by a reinsurance broker with which it transacts business, unless such reinsurance broker is under common control with the insurer and subject to the holding company act.(c) The insurer shall annually obtain a copy of statements of the financial condition of each reinsurance broker with which it transacts business.L. 1992, ch. 15, § 6; Dec. 31.