§8–106.

    (a)    In this section, “reinsurance intermediary” means a person that acts as an insurance producer in:

        (1)    soliciting, negotiating, or procuring a reinsurance contract or binder for a ceding insurer; or

        (2)    accepting a reinsurance contract or binder for an assuming insurer.

    (b)    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.

    (c)    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.

    (d)    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.