Missouri Revised Statutes Title XXIV. Business and Financial Institutions § 375.1112. Definitions

(1)“Actuary”, a person who is a member in good standing of the American Academy of Actuaries;

(2)“Controlling person”, any person, firm, association or corporation who directly or indirectly has the power to direct or cause to be directed, the management, control or activities of the reinsurance intermediary;

(3)“Director”, the director of the department of commerce and insurance;

(4)“Insurer”, any person, firm, association or corporation duly licensed in this state pursuant to the laws of this state as an insurer;

(5)“Licensed producer”, an agent, broker or reinsurance intermediary licensed pursuant to the applicable laws of this state;

(6)“Qualified United States financial institution”, an institution that:

(7)“Reinsurance intermediary”, a reinsurance intermediary-broker or a reinsurance intermediary-manager, as these terms are defined in subdivisions (8) and (9) of this section;

(8)“Reinsurance intermediary-broker” or “RB”, any person, other than an officer or employee of the ceding insurer, firm, association or corporation who 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 such insurer;

(9)“Reinsurance intermediary-manager” or “RM”, any person, firm, association or corporation who 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 such reinsurer whether known as an RM, manager or other similar term. The following persons shall not be considered an RM, with respect to such reinsurer, for the purposes of sections 375.1110 to 375.1140:

(10)“Reinsurer”, any person, firm, association or corporation duly licensed in this state pursuant to the laws of this state as an insurer with the authority to assume reinsurance;

(11)“To be in violation”, the reinsurance intermediary, insurer or reinsurer for whom the reinsurance intermediary was acting failed to substantially comply with the provisions of sections 375.1110 to 375.1140.