Binding authority for retrocessional contracts, reinsurance syndicates

N.J.S.A. 17:22E-17, under Chapter 22E.

N.J.S.A. 17:22E-17

17:22E-17. Binding authority for retrocessional contracts, reinsurance syndicates

17. Binding authority for all retrocessional contracts or participation in reinsurance syndicates shall rest with an officer of the reinsurer who shall not be affiliated with the reinsurance intermediary-manager. L.1993,c.244,s.17.