(1) An obligor is considered to be the agent of the insurer that issued the reimbursement insurance policy. If a service contract seller acts as an obligor and enlists other service contract sellers, the service contract seller acting as the obligor shall notify the insurer of the existence and identities of the other service contract sellers.
(2) An insurer that issues a reimbursement insurance policy may seek indemnification or subrogation against a service contract seller if the issuer pays or is obligated to pay the service contract holder sums that the service contract seller was obligated to pay pursuant to the provisions of the service contract or under a contractual agreement. [Formerly 646.273]Section: Previous 646A.140 646A.142 646A.150 646A.152 646A.154 646A.156 646A.158 646A.160 646A.162 646A.164 646A.166 646A.168 646A.170 646A.172 646A.200 Next
Last modified: August 7, 2008