[§431:11A-104] Disclosure. Prior to the effective date of the policy, the controlling producer shall deliver written notice to the prospective insured disclosing the relationship between the controlling 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 the controlling producer's records a signed statement from the subproducer that the subproducer is aware of the relationship between the controlled insurer and the controlling producer and a written commitment that the subproducer has or will notify the insured of that relationship. [L 1992, c 176, pt of §1]
Section: Previous 431-11-114 431-11-115 431-11-116 431-11-117 431-11a-101 431-11a-102 431-11a-103 431-11a-104 431-11a-105 431-12-101 431-12-102 431-12-103 431-12-104 431-12-105 431-12-106 NextLast modified: October 27, 2016