20-229. Insurance producer; identification; exceptions

193 words·~1 min read·/az/title-20/20-229

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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 declaration page or endorsement identifies the name of the producer licensed for that line of authority in this state.

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.