31A-23a-703 - Disclosure.
31A-23a-703. Disclosure.
The producer, prior to the effective date of the policy, shall deliver written notice to theprospective insured disclosing the relationship between the producer and the controlled insurer. However, if the business is placed through a producer who is not a controlling producer, thecontrolling producer shall retain in his records a signed commitment from the noncontrollingproducer that the noncontrolling producer is aware of the relationship between the insurer and theproducer and that the noncontrolling producer has, or will, notify the insured.
Renumbered and Amended by Chapter 298, 2003 General Session