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§ 31.407 — District of Columbia Law | CourtGPT
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  5. Chapter 4 - Business Transacted with Producer Controlled Insurer§ 31–401. Definitions/
  6. § 31.407
District of Columbia Legal Code

§ 31.407

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Disclosure. 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 or her 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. (Oct. 21, 1993, D.C. Law 10-52, § 8, 40 DCR 6129.) Prior Codifications 1981 Ed., § 35-4007.