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2012 Statute



Prev Article 37a. - REGULATION OF BROKER CONTROLLED INSURERSNext


40-37a05.Disclosure of producer-insurer relationship to insured. The producer, prior to the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between the producer and the controlled insurer; except that, if the business is placed through a subproducer who is not a controlling producer, the controlling producer shall retain in such controlling producer's records a signed commitment from the subproducer that such subproducer is aware of the relationship between the insurer and the producer and that the subproducer has or will notify the insured.

History: L. 1992, ch. 14, § 5; L. 2005, ch. 163, § 6; July 1.



Prev Article 37a. - REGULATION OF BROKER CONTROLLED INSURERSNext
2019. Powered by KLISS. Rendered: 2019-04-23T19:26:35. Head Rev No: 345400