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§ 510a-5 — Iowa Law | CourtGPT
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  5. Chapter 510a - Business Producer Controlled Property and Casualty Insurers/
  6. § 510a-5
Iowa Legal Code

§ 510a-5

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510A.5 Disclosure. The insurance producer, prior to the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between the insurance producer andthe controlled insurer; except that, if the business is placed through a subproducer who isnot a controlling producer, the controlling producer shall retain in the producer’s records asigned commitment from the subproducer that the subproducer is aware of the relationshipbetween the insurer and the insurance producer and that the subproducer has notified or willnotify the insured. 92 Acts, ch 1117, §39; 2003 Acts, ch 91, §19 Sat Dec 23 00:42:22 2023 Iowa Code 2024, Section 510A.5 (14, 0)