State Codes and Statutes

Statutes > Idaho > Title41 > T41ch17 > T41ch17sect41-1705

TITLE 41

INSURANCE

CHAPTER 17

BUSINESS TRANSACTED WITH BROKER CONTROLLED INSURER

41-1705. Disclosure. The broker, prior to the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between the broker and the controlled insurer; except that, if the business is placed through a subbroker who is not a controlling broker, the controlling broker shall retain in his records a signed commitment from the subbroker that the subbroker is aware of the relationship between the insurer and the broker and that the subbroker has or will notify the insured.

State Codes and Statutes

Statutes > Idaho > Title41 > T41ch17 > T41ch17sect41-1705

TITLE 41

INSURANCE

CHAPTER 17

BUSINESS TRANSACTED WITH BROKER CONTROLLED INSURER

41-1705. Disclosure. The broker, prior to the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between the broker and the controlled insurer; except that, if the business is placed through a subbroker who is not a controlling broker, the controlling broker shall retain in his records a signed commitment from the subbroker that the subbroker is aware of the relationship between the insurer and the broker and that the subbroker has or will notify the insured.


State Codes and Statutes

State Codes and Statutes

Statutes > Idaho > Title41 > T41ch17 > T41ch17sect41-1705

TITLE 41

INSURANCE

CHAPTER 17

BUSINESS TRANSACTED WITH BROKER CONTROLLED INSURER

41-1705. Disclosure. The broker, prior to the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between the broker and the controlled insurer; except that, if the business is placed through a subbroker who is not a controlling broker, the controlling broker shall retain in his records a signed commitment from the subbroker that the subbroker is aware of the relationship between the insurer and the broker and that the subbroker has or will notify the insured.