Illinois Compiled Statutes 215 ILCS 107 Producer Controlled Insurer Act. Section 20

    (215 ILCS 107/20)

    Sec. 20. Disclosure. The producer shall deliver written notice to the prospective insured before the effective date of any policy 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 his records a signed commitment from the subproducer that the subproducer is aware of the relationship between the controlling producer and the insurer and that the subproducer has or will notify the insured. The requirements of this Section apply to all policies written or renewed more than 59 days after the effective date of this Act.

(Source: P.A. 87-1090.)

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Last modified: February 18, 2015