§ 50.13 - Offer and renewal.

§ 50.13 Offer , purchase, and renewal.

An insurer is deemed to be in compliance with the requirement of providing disclosure “at the time of offer , purchase, and of renewal of the policy” under § 50.10(cb) and (d) if the insurer :

(a) Makes

makes the disclosure no later than the time the insurer first formally offers to provide insurance coverage or renew a policy for a current policyholder

; and (b) Makes clear and conspicuous reference back to that disclosure, as well as the final terms of terrorism insurance coverage, at the time the transaction is completed

.