<?xml version='1.0' encoding='utf-8'?>
<section article="gin" article_name="Insurance" number="8-106" title_number="8" title_name="Entities That Act as Insurers" subtitle_number="1" subtitle_name="Broker Controlled Business">
  <level label="a">
    <text>In this section, “reinsurance intermediary” means a person that acts as an insurance producer in:</text>
    <level label="1">
      <text>soliciting, negotiating, or procuring a reinsurance contract or binder for a ceding insurer; or</text>
    </level>
    <level label="2">
      <text>accepting a reinsurance contract or binder for an assuming insurer.</text>
    </level>
  </level>
  <level label="b">
    <text>This section does not apply to a reinsurance intermediary that makes a complete written disclosure to the parties of its relationship with the assuming or ceding insurer before completion of the transaction.</text>
  </level>
  <level label="c">
    <text>A reinsurance intermediary that has control of an assuming insurer may not directly or indirectly place insurance business with the assuming insurer in a transaction in which the reinsurance intermediary acts as an insurance producer for the ceding insurer.</text>
  </level>
  <level label="d">
    <text>A reinsurance intermediary that has control of a ceding insurer may not directly or indirectly accept business from the ceding insurer in a transaction in which the reinsurance intermediary acts as an insurance producer for the assuming insurer.</text>
  </level>
</section>
