58-44 BROKER CONTROLLED PROPERTY AND CASUALTY INSURANCE
BROKER CONTROLLED PROPERTY AND CASUALTY INSURANCE
Definition of terms.
Application of chapter to licensed insurers--Application of chapter 58-5A.
Application of chapter based on gross written premium on business placed with controlled
Chapter not applicable under certain circumstances.
Written contract required--Provisions.
Audit committee of controlled insurer--Annual meeting.
Annual report of loss ratios and loss reserves.
Notice from controlling broker to prospective insured--Subbroker.
Consequences of noncompliance with chapter--Civil action by director.
Civil action in behalf of insurer for violation while under order for liquidation or
Rights of director to impose penalties.
Rights of third parties.
Time limit for compliance.
Disapproval of contract between controlling broker and controlled insurer.
Promulgation of rules.
Exception to application of chapter.