California Insurance Code

§ 1662

INS § 1662 Effective Jan 1, 2018Div. 1 · Part 2 · Ch. 5 · Art. 5

Statute text

A property broker-agent, a casualty broker-agent, and a personal lines broker-agent shall, prior to acting in the capacity of an insurance broker, file with the commissioner and continuously maintain in force the bond required by this article. Any authority to act as broker shall automatically terminate immediately upon there being no bond in force.

Legislative history

Amended by Stats. 2017, Ch. 417, Sec. 14. (AB 1696) Effective January 1, 2018.