Source: http://legislature.maine.gov/legis/statutes/24-A/title24-Asec748.html
Timestamp: 2019-08-19 10:03:39
Document Index: 285582174

Matched Legal Cases: ['§748', '§748', '§748', '§748', '§20', '§20', '§20', '§20', '§20', '§20']

Title 24-A, §748: Books, records and powers; reinsurance intermediary-managers
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§748. Books, records and powers; reinsurance intermediary-managers
1. Records required. For at least 10 years after expiration of each contract of reinsurance transacted by the reinsurance intermediary-manager, the reinsurance intermediary-manager shall keep a complete record for each transaction showing:
B. Period of coverage, including effective and expiration dates, cancellation provisions and notice required for cancellation, and status of disposition of outstanding reserves on covered risks; [1991, c. 828, §20 (NEW).]
E. Names and addresses of reinsurers; [1991, c. 828, §20 (NEW).]
F. Rates of all reinsurance commissions, including the commissions on any retrocessions handled by the reinsurance intermediary-manager; [1991, c. 828, §20 (NEW).]
I. Details regarding retrocessions handled by the reinsurance intermediary-manager including the identity of retrocessionaires and the percentage of each contract assumed or ceded; [1991, c. 828, §20 (NEW).]
J. Financial records, including but not limited to, premium and loss accounts; and [1991, c. 828, §20 (NEW).]
K. When the reinsurance intermediary-manager places a reinsurance contract on behalf of a ceding insurer:
(2) If placed through a representative of the assuming reinsurer, other than an employee, written evidence that the reinsurer has delegated binding authority to the representative. [1991, c. 828, §20 (NEW).]