Statutes, codes, and regulations
Kentucky Revised Statutes
Title 25 - BUSINESS AND FINANCIAL INSTITUTIONSChapter 304 - INSURANCE CODESubtitle 304.3 - AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS
BUSINESS TRANSACTED WITH A PRODUCER-CONTROLLED PROPERTY OR CASUALTY INSURER
Section 304.3-415 - Notice to prospective insured disclosing relationship between producer and controlled insurer - Exceptions

Ky. Rev. Stat. § 304.3-415

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Current through Acts Received April 24, 2024
Section 304.3-415 - Notice to prospective insured disclosing relationship between producer and controlled insurer - Exceptions

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 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.

KRS 304.3-415

Effective:7/14/1992
Created 1992 Ky. Acts ch. 157, sec. 4, effective7/14/1992.