2014 Minnesota Statutes
Chapters 59A - 79A — INSURANCE
Chapter 60J — BUSINESS TRANSACTED WITH PRODUCER CONTROLLED INSURER
Section 60J.10 — 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 the 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.
History:1992 c 540 art 1 s 5
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