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2016 Idaho Statutes
Title 41 - INSURANCE
Chapter 17 - BUSINESS TRANSACTED WITH BROKER CONTROLLED INSURER
Section 41-1705 - DISCLOSURE.

ID Code § 41-1705 (2016) What's This?

41-1705. Disclosure. The broker, prior to the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between the broker and the controlled insurer; except that, if the business is placed through a subbroker who is not a controlling broker, the controlling broker shall retain in his records a signed commitment from the subbroker that the subbroker is aware of the relationship between the insurer and the broker and that the subbroker has or will notify the insured.

History:
[41-1705, added 1993, ch. 194, sec. 12, p. 506.]

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