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
Notice to prospective insured disclosing relationship between producer and controlled insurer -- Exceptions
Known as the Controlling Agents Act
The act spans §§ 304.3-010 to 304.3-768 (79 sections).
Effective: July 14, 1992 History: Created 1992 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.