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 records of 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.
Structure Code of Alabama
Chapter 6B - Business Transacted With Producer Controlled Property and Casualty Insurer Law.
Section 27-6B-1 - Short Title.
Section 27-6B-2 - Definitions.
Section 27-6B-3 - Application of Chapter to Licensed Insurer.
Section 27-6B-4 - Contract Requirements.
Section 27-6B-5 - Disclosure of Relationship Between Producer and Controlled Insurer.