REINSURANCE INTERMEDIARY - Any Individual, legal entity or business trade name, other than an officer or employee of the ceding insurer, who or which solicits, negotiates or places reinsurance cessions or retrocessions on behalf of a ceding insurer, without the authority to bind reinsurance on behalf of such insurer. (REF: CGS §38a-750 to 759)REINSURANCE INTERMEDIARY MANAGER - Any person, firm, association or corporation who has authority to bind or manage all parts of the assumed reinsurance business of a reinsurer, including the management of a separate division, department or underwriting office, and acts as an agent for such reinsurer whether known as a reinsurance intermediary-manager, manger or other similar term. Notwithstanding any provisionto the contrary, the following persons shall not be considered a reinsurance intermediary-manager, with respect to such reinsurer, for the purposes of sections §38a-760 to 760i, inclusive:an employee of the reinsurer,a US manager of the US branch of an alien reinsurer,an underwriting manager which, pursuant to contract, manages all or part of the reinsurance operations of the reinsurance operations of the reinsurer, is under common control with the reinsurer, subject to sections §38a-129 to 140 inclusive, and whose compensation is not based on the volume of premiums written,the manager of a group, association, pool or organization of insurers which engages in joint underwriting or joint reinsurance and who are subject to examination by the insurance commissioner of the state in which the manager's principal business office is located.
CGS §38a-750 to 759 - see Laws and Regulations
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