375.106 Insurance producers, limitations on negotiated contracts.

375.106. Insurance producers, limitations on negotiated contracts. — Insurance producers acting on behalf of an applicant for insurance or insured shall negotiate contracts of insurance only with authorized domestic insurance companies, licensed insurance * producers, foreign insurance companies duly admitted to do business in this state, or with a duly licensed surplus lines broker. (L. 1961 p. 504 § 10, A.L. 1967 p. 516, A.L. 1981 S.B. 10, A.L. 2001 S.B. 193) Effective 1-01-03 *Word "insurance" appears in original rolls.