Indiana § 27-1-35-15 Notice of relationship

Indiana Statutes

§ 27-1-35-15 — Notice of relationship

Indiana·Title 27 INSURANCE·Art. 1 DEPARTMENT OF INSURANCE·Ch. 35 Business Transacted With Producer Controlled Property

A producer, before 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 the
controlling producer's records a signed commitment from the
subproducer that the subproducer is aware of the relationship between
the insurer and the producer and that the subproducer has or will notify
the insured.

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A producer, before 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 the
controlling producer's records a signed commitment from the
subproducer that the subproducer is aware of the relationship between
the insurer and the producer and that the subproducer has or will notify
the insured.

Indiana § 27-1-35-15 (Notice of relationship) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.