38.2-1344 - Disclosure. - Virginia Statutes

§ 38.2-1344. Disclosure.

The producer, prior to the effective date of the policy, shall deliverwritten notice to the prospective insured disclosing the relationship betweenthe producer and the controlled insurer. However, if the business is placedthrough a subproducer who is not a controlling producer, the controllingproducer shall retain in his records a signed commitment from the subproducerthat the subproducer is aware of the relationship between the insurer and theproducer and that the subproducer has or will notify the insured.

(1993, c. 158.)

Insurer Act