Section 21.27.770 - Reinsurance intermediary manager recordsIn addition to any other records requirements under this chapter, a reinsurance intermediary manager shall maintain in organized form a complete record of each transaction including
(1) the type of contract, limits, underwriting restrictions, classes or risks, and territory;(2) the period of coverage, including effective and expiration dates, cancellation provisions, and required notice of cancellation;(3) disposition of outstanding reserves on covered risks;(4) the reporting and settlement requirements of balances;(5) the rate used to compute the reinsurance premium;(6) the names and addresses of reinsurers;(7) the rate of all reinsurance commissions, including the commissions on retrocessions handled by the reinsurance intermediary broker and reinsurance intermediary manager;(8) related correspondence and memoranda;(10) details regarding retrocessions handled by the reinsurance intermediary broker and reinsurance intermediary manager including the identity of retrocessionaires and the percentage of each contract assumed or ceded;(11) financial records of premium and loss accounts; and(12) if the reinsurance intermediary broker procures a reinsurance contract on behalf of an admitted ceding insurer or when the reinsurance intermediary manager places a reinsurance contract on behalf of a ceding insurer, written evidence (A) directly from an assuming reinsurer that it has agreed to assume the risk; or(B) that the reinsurer had delegated binding authority to the representative, if placed through a representative of the assuming reinsurer other than an employee of the assuming reinsurer.