(215 ILCS 107/20)
Sec. 20.
Disclosure.
The producer shall deliver written notice to
the prospective insured before the effective date of any policy 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 records
a signed commitment from the subproducer that the subproducer is aware of the
relationship between the controlling producer and the insurer and that the
subproducer has or will notify the insured. The requirements of this Section
apply to all policies written or renewed more than 59 days after the effective
date of this Act.
(Source: P.A. 87-1090.)
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