§ 5108. Duties of RM
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 5108
§ 5108. Duties of RM
The RM shall not:
1. Bind retrocessions on behalf of the reinsurer, except that the RM may bind facultative retrocessions pursuant to obligatory facultative agreements if the contract with the reinsurer contains reinsurance underwriting guidelines for such retrocessions. Such guidelines shall include a list of reinsurers with which such automatic agreements are in effect, and for each such reinsurer, the coverages and amounts or percentages that may be reinsured, and commission schedules;
Credits
Laws 1992, c. 178, § 29, eff. Sept. 1, 1992.
36 Okl. St. Ann. § 5108, OK ST T. 36 § 5108
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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