A person may not act as a reinsurance broker for an authorized insurer without a written authorization agreement between the reinsurance broker and the authorized insurer that states the responsibilities of the parties. The authorization agreement required by this section shall provide that: on written notice, the authorized insurer may terminate at any time the authority of the reinsurance broker to act for it; and the reinsurance broker shall: render accounts to the authorized insurer detailing all material transactions, including information necessary to support the commissions, charges, and other fees received by or owed to the reinsurance broker; remit all funds due to the authorized insurer within 30 days after receipt; hold in a fiduciary capacity in a qualified financial institution all funds collected for the account of the authorized insurer; keep all books, records, and accounts in accordance with § 8-514 of this subtitle; comply with all written standards established by the authorized insurer for the cession or retrocession of all risks; and disclose to the authorized insurer any relationship of the reinsurance broker with a reinsurer to which business is ceded or retroceded.