California Insurance Code

§ 1758.7

INS § 1758.7 Effective Jul 23, 2021Div. 1 · Part 2 · Ch. 5 · Art. 16.3

Statute text

(a)A self-service storage facility, or franchisee of a self-service storage facility, shall not offer or sell insurance unless it has complied with the requirements of this article and has been issued a license by the commissioner as provided in this article.

(b)The commissioner may issue to a self-service storage facility, or its franchisee, that has complied with the requirements of this article, a license that authorizes the self-service storage facility or its franchisee to offer or sell the types of insurance specified in Section 1758.75 in connection with and incidental to rental agreements on behalf of any insurer authorized to write those types of insurance policies in this state.

(c)(1) The license period shall be a two-year period beginning as described in subparagraph (A) or (B) of paragraph (2), as applicable, and ending on the second succeeding year on the last calendar day of the month in which the initial license was issued.

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Legislative history

Amended by Stats. 2021, Ch. 133, Sec. 34. (SB 272) Effective July 23, 2021.