Which one of the following is a form of preagreement documentation required by state insurance statutes?

A. A signed broker of record letter, when reinsurance is placed by an intermediary on behalf of a primary insurer
B. A requirement that the intermediary be located within the state of domicile of the primary company
C. An audited financial statement of the intermediary, if applicable
D. An agreement that all premiums due to the reinsurer will be paid within 90 days of contract inception date

Question

10-06-2024
Business

Answered

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Which one of the following is a form of preagreement documentation required by state insurance statutes?

A. A signed broker of record letter, when reinsurance is placed by an intermediary on behalf of a primary insurer
B. A requirement that the intermediary be located within the state of domicile of the primary company
C. An audited financial statement of the intermediary, if applicable
D. An agreement that all premiums due to the reinsurer will be paid within 90 days of contract inception date

Sagot :

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