31A-15-110 - Reporting of illegal insurance.
31A-15-110. Reporting of illegal insurance.
(1) Every person investigating or adjusting any loss or claim on a subject of insurance inthis state shall immediately report to the commissioner every insurance policy or contractconnected with the investigation or settlement, which the person has reason to believe has beenentered into illegally by any insurer not authorized to transact business in this state.
(2) Every person acting as an insurance consultant shall immediately report to thecommissioner every insurance policy or contract covering a subject of insurance in this state,which the consultant has reason to believe has been entered into illegally by an insurer notauthorized to transact that type of insurance in this state.
Amended by Chapter 204, 1986 General Session