An insurer that accepts a transfer of the insurance business of a group of policyholders from an independent insurance producer may treat the policies transferred as renewals and not as new policies for underwriting purposes.

Added by Acts 1999, c. 412, § 1, eff. Oct. 1, 1999. Amended by Acts 2001, c. 731, § 1, eff. July 2, 2001.