Sec. 51.4. Alternate procedures  


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  • An insurer may substitute procedures that are designed to meet the purposes of this Part, provided that:
    (a) the procedures are approved in advance and determined by the superintendent not to be detrimental to policyholders and contractholders; and
    (b)
    (1) no sales agency force is used and the application is solicited and received by the insurer by mail or under other methods that are without insurance agent or broker involvement; or
    (2) the application is initially solicited by the insurer by mail or under other methods without insurance agent or broker involvement, and there is subsequent insurance agent or broker involvement limited to customer assistance or administrative support at the request of the customer, provided that an accurate and complete “Disclosure Statement” is signed by the insurance agent or broker and presented to the policy or contract holder in accordance with the provisions of this Part.