(1) An insurer shall not engage the services of any person, firm, association or corporation to act as a RB on its behalf unless such person is licensed as required in section 41-5103 (1), Idaho Code. (2) An insurer may not employ an individual who is employed by a RB with which it transacts business, unless such RB is under common control with the insurer and subject to the provisions of chapter 38, title 41 , Idaho Code. (3) The insurer shall annually obtain a copy of the statement of the financial condition of each RB with which it transacts business.
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