12 U.S.C. § 1749bbb-5
Section 1749bbb-5 · Industry cooperation
Amended 3 times on record
(a) Each insurer seeking reinsurance under this subchapter shall file a statement with the State insurance authority in each State in which it is participating in a plan under this part, pledging its full participation and cooperation in carrying out the plan, and shall file a copy of such statement with the Director.
(b) No insurer acquiring reinsurance under this subchapter shall direct any agent or broker or other producer not to solicit business through such a plan, nor shall any agent, broker, or other producer be penalized by such insurer in any way for submitting applications for insurance to an insurer under the plan.
Editorial notes U.S. Code · Office of the Law Revision Counsel
Amendments
1983—Subsec. (a). Pub. L. 98–181 substituted “Director” for “Secretary”.