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WILLIAM DONALD SCHAEFER, Governor Ch. 405 (2) COMMIT THE REINSURER TO PARTICIPATE IN REINSURANCE (3) APPOINT OR HIRE ANY AGENT TO SOLICIT, PROCURE, OR (4) TAKE ANY ACTION THAT WOULD CONSTITUTE A VIOLATION OF § (5) WITHOUT THE REINSURER'S WRITTEN APPROVAL, PAY OR COMMIT (6) SUBJECT TO SUBSECTION (B) OF THIS SECTION AND WITHOUT THE (I) COLLECT ANY PAYMENT FROM A RETROCESSIONAIRE; OR (II) COMMIT THE REINSURER TO ANY CLAIM SETTLEMENT WITH A (7) APPOINT A SUBREINSURANCE MANAGER; OR (8) EMPLOY AN INDIVIDUAL WHO IS ALSO EMPLOYED BY THE (B) A REINSURANCE MANAGER MAY CEDE FACULTATIVE REINSURANCE (1) A LIST OF REINSURERS WITH WHICH ANY AUTOMATIC (2) THE COVERAGES AND AMOUNTS OR PERCENTAGES THAT MAY BE (3) THE COMMISSION SCHEDULES. 716. (A) SUBJECT TO THE HEARING PROVISIONS OF §§ 35 THROUGH 39 OF THIS (B) IN LIEU OF OR IN ADDITION TO THE PENALTIES PROVIDED IN - 2243 -
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Volume 772, Page 2243 View pdf image |
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