LegalFix
Sign In

27-1-38-10. Acknowledgment of receipt of required disclosure

IN Code § 27-1-38-10 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 10. (a) A depository institution that solicits, sells, advertises, or offers insurance, a depository institution's affiliate that solicits, sells, advertises, or offers insurance, or a person that sells, solicits, advertises, or offers insurance on behalf of a depository institution shall obtain from a customer to whom a disclosure is made under section 9 of this chapter a written acknowledgment of receipt of the disclosure:

(1) when the customer receives the disclosure; or

(2) at the time of the initial purchase of the insurance.

(b) If a solicitation for insurance is conducted by telephone, the depository institution, the affiliate of a depository institution, or the person that sells, solicits, advertises, or offers insurance on behalf of a depository institution shall:

(1) obtain an oral acknowledgment of receipt of the disclosure;

(2) maintain documentation to show that the acknowledgment was given by the customer; and

(3) make reasonable efforts to obtain a written acknowledgment from the customer.

As added by P.L.130-2002, SEC.2.

Previous Section
27-1-38-9. Required disclosures before sale of insurance
Next Section
27-1-38-11. Requirements for electronic disclosure