Changes to Existing Law
HB1126 — permit an alternative delivery method for issuance of a policy by an insurer.
1 section modified+83-0
View:
§ 58-1
New Section+83
NEW SECTION added to Chapter 58-1
An insurer may comply with the policy delivery requirements of §§ 58-15-8.2, 58- 15-59.2, 58-17-11.1, 58-17A-8.1, and 58-28-24.2 by one of the following alternative delivery methods: (1) Via first-class mail using an intelligent mail barcode or another similar tracking method used or approved by the United States Postal Service; or (2) Via commercial delivery service using a tracking method approved by the division. An insurer utilizing an alternative delivery method must retain a record evidencing delivery of the policy for five years. 12