California Insurance Code

§ 1764.2

INS § 1764.2 Effective Jul 15, 2011Div. 1 · Part 2 · Ch. 6

Statute text

No surplus line broker shall issue any evidence of insurance or cause or purport to cause any risk to be insured by a nonadmitted insurer or advise any home state insured or home state insured applicant for insurance that coverage has been or will be obtained from a nonadmitted insurer unless:

(a)The broker has prior written authority from the nonadmitted insurer to cause the risk to be insured;

(b)The broker has received advice in the ordinary course of business that the coverage has been obtained; or

…

Legislative history

Amended by Stats. 2011, Ch. 83, Sec. 18. (AB 315) Effective July 15, 2011. Operative July 21, 2011, by Sec. 34 of Stats. 2011, Ch. 83.