Retention of reserve; assignment of contract with insurer.

A managing general agent shall not: 1. Retain more than 3 months’ reserve for: (a) An amount estimated to be necessary to pay all of the unpaid claims of the insurer; and (b) The allocated loss adjustment expenses, in the account set up for the insurer pursuant to the requirements of NAC 683A.480 . 2. Assign any part of his or her contract with the insurer required pursuant to NAC 683A.470 .