Notification to insurance producer of termination by insurer

Within fifteen days after making the notification required by §§ 58-30-180 and 58-30-181 , the insurer shall mail, or if acceptable, send by electronic means, a copy of the notification to the insurance producer at the insurance producer's last known address. If the insurance producer is terminated for any of the reasons listed in § 58-30-167 , the insurer shall provide a copy of the notification to the insurance producer at the insurance producer's last known address by certified mail, return receipt requested and postage prepaid, by overnight delivery using a nationally recognized carrier, or if acceptable, by electronic means. Source: SL 2001, ch 286 , § 42.