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Senate Status:
Senate Status:
2019 Statute
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40-37a05. The producer, prior to the effective date of the policy, shall deliver written notice to the prospective insured 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 such controlling producer's records a signed commitment from the subproducer that such subproducer is aware of the relationship between the insurer and the producer and that the subproducer has or will notify the insured. |
History: L. 1992, ch. 14, § 5; L. 2005, ch. 163, § 6; July 1. |
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