An insurer is deemed to be in compliance with the requirement of providing disclosure ``at the time of offer, purchase, and renewal of the policy'' under Sec. 50.10(c) and (d) if the insurer:
(a) 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.