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2020 Iowa Code
Title XIII - COMMERCE
Chapter 510A - BUSINESS PRODUCER CONTROLLED PROPERTY AND CASUALTY INSURERS
Section 510A.5 - Disclosure.
Universal Citation: IA Code § 510A.5 (2020)
510A.5 Disclosure.
The insurance producer, prior to the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between the insurance 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 producer’s records a signed commitment from the subproducer that the subproducer is aware of the relationship between the insurer and the insurance producer and that the subproducer has notified or will notify the insured.
92 Acts, ch 1117, §39; 2003 Acts, ch 91, §19
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