20-229. Countersignature of insurance producer; exceptions

A. An authorized insurer shall not issue a policy covering a subject of insurance resident, located or to be performed in this state unless the policy or countersignature endorsement attached to the policy is countersigned by its licensed insurance producer, bail bond agent or managing general agent, as applicable.

B. Subsection A of this section does not apply to:

1. Reinsurance or life, disability or title insurance.

2. Insurance of the rolling stock, vessels or aircraft of any common carrier in interstate or foreign commerce, or of any vehicle principally garaged and used in another state or covering any liability or other risks incident to the ownership, maintenance or operation thereof.

3. Insurance of property in the course of transportation interstate or in foreign trade, or any liability or risk incident thereto.

4. Insurance of ocean marine risks.

5. Policies issued through salaried insurance producers or issued by insurers not using insurance producers in the general solicitation of business.

6. Bid bonds issued by any surety insurer in connection with any public or private contracts.

7. Policies issued by a vending machine pursuant to section 20-293.

C. A violation of this section shall not invalidate the policy.

D. The countersignature that is required under subsection A of this section may be made by a facsimile signature or other printed or reproduced signature and shall be presumed to be the authorized signature of the person.

20-229. Countersignature of insurance producer; exceptions

A. An authorized insurer shall not issue a policy covering a subject of insurance resident, located or to be performed in this state unless the policy or countersignature endorsement attached to the policy is countersigned by its licensed insurance producer, bail bond agent or managing general agent, as applicable.

B. Subsection A of this section does not apply to:

1. Reinsurance or life, disability or title insurance.

2. Insurance of the rolling stock, vessels or aircraft of any common carrier in interstate or foreign commerce, or of any vehicle principally garaged and used in another state or covering any liability or other risks incident to the ownership, maintenance or operation thereof.

3. Insurance of property in the course of transportation interstate or in foreign trade, or any liability or risk incident thereto.

4. Insurance of ocean marine risks.

5. Policies issued through salaried insurance producers or issued by insurers not using insurance producers in the general solicitation of business.

6. Bid bonds issued by any surety insurer in connection with any public or private contracts.

7. Policies issued by a vending machine pursuant to section 20-293.

C. A violation of this section shall not invalidate the policy.

D. The countersignature that is required under subsection A of this section may be made by a facsimile signature or other printed or reproduced signature and shall be presumed to be the authorized signature of the person.