§ 48.17.230. Agent placing rejected business
A licensed agent appointed by an insurer as to life or disability insurances may, if with the knowledge and consent of such insurer, place any portion of a life or disability risk which has been rejected by such insurer, with other authorized insurers without being licensed as to such other insurers. Any agent so placing rejected business becomes the agent for the company issuing the insurance with respect to that business just as if it had appointed such person as its agent.
[1988 c 248 § 10; 1947 c 79 § .17.23; Rem. Supp. 1947 §45.17.23 .]
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Last modified: April 7, 2009