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Texas Licensing Reinsurance Intermediary Agent For Service of Process

Texas Licensing Reinsurance Intermediary Agent For Service of Process

Name: Texas Licensing Reinsurance Intermediary Agent For Service of Process
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.77 (319 reviews)

Category:

Texas Workers Compensation - Self Insurance Regulation

State:

Texas

Control #:

TX-FIN512

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Licensing Reinsurance Intermediary Agent For Service of Process

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FAQ

Reinsurance intermediaries act as insurance producers in accepting any reinsurance contract or binder on behalf of an insurer.

A Reinsurance Intermediary-broker means any person, other than an officer or employee of the ceding insurer, firm, association, or corporation that solicits, negotiates, or places reinsurance cessions or retrocessions on behalf of a ceding insurer without the authority or power to bind reinsurance on behalf of that

A Reinsurance Intermediary Manager is a person who has authority to bind or manage all or part of the assumed reinsurance of a reinsurer and acts as an agent for the reinsurer whether known as a manager or other similar term.

A reinsurance broker is an intermediary individual or firm who is paid a fee or commission to find and place new business on behalf of both the insured client and insurer. This can involve negotiating rates or contracts while sourcing the best-suited policies on the market.

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.

For the reinsurer, intermediaries operate as an outside sales force. They also act as advisers to ceding companies in assessing and locating markets that meet their reinsurance needs.

A Reinsurance Intermediary-manager means any person, firm, association, or corporation that has authority to bind, or manages all or part 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 the reinsurer

More info

Application: Individual Application for Reinsurance Intermediary, form LIC 441-14. Certification of License Status from Resident State.A license as a Reinsurance Intermediary Broker is valid for three years from the date of issuance. Fees. Application Qualifications: • Complete an application for License and submit appropriate fees. • You must be fingerprinted. Florida Statutes 626. Applicant must be currently licensed as a Vermont Insurance Producer. Complete the online application process and pay the relevant fees. Service of process; refusal to issue license. Sec. 1153. (1) A person shall not act as a reinsurance intermediary-broker in this state if the reinsurance.

Texas Licensing Reinsurance Intermediary Agent For Service of Process

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How to fill out Texas Licensing Reinsurance Intermediary Agent For Service Of Process?

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Is a reinsurance intermediary an insurance producer?

Who is the reinsurance broker intermediary of?

What is an intermediary manager?

What is reinsurance brokerage services?

What is a reinsurance intermediary?

What are the roles of reinsurance intermediaries?

What is a reinsurance intermediary manager?

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