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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>78695</law_id><section_number>38.2-1344</section_number><catch_line>Disclosure</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="38.2">Insurance</unit><unit label="chapter" level="2" order_by="1" identifier="13">Reports, Reserves and Examinations, Insurance Holding Companies, Reinsurance Intermediaries, and Managing General Agents</unit><unit label="article" level="3" order_by="1" identifier="7">Business Transacted With Producer-Controlled Property and Casualty Insurer Act</unit></structure><text>
						<section><p>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 <span class="dictionary">controlled insurer</span>. However, if the business is placed through a subproducer who is not a <span class="dictionary">controlling producer</span>, the <span class="dictionary">controlling producer</span> shall retain in his 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.</p></section></text><history>1993, c. 158.</history><metadata></metadata></law>
