Rhode Island § 27-48-5 § 27-48-5. Disclosure.

Rhode Island Statutes

§ 27-48-5 — § 27-48-5. Disclosure.

Rhode Island·Title 27 Insurance·Ch. 27-48 Business Transacted with Producer Controlled Insurer Act

§ 27-48-5. Disclosure.
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 his or her
            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
            notified or will notify the insured.
         

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§ 27-48-5. Disclosure.

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 his or her 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 notified or will notify the insured.

Rhode Island § 27-48-5 (§ 27-48-5. Disclosure.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.