Cal. Insurance Code § 1764 : California Insurance Code — General Rules Governing Insurance — Surplus Line Brokers — Issuance of evidence of insurance and certificates evidencing placement of insurance

Current through the 2016 Legislative Session

(a) A licensed surplus line broker may issue evidence of insurance for a home state insured, including binders, covernotes, and certificates evidencing the placement of insurance with an eligible nonadmitted insurer, and with prior written authority, may issue policies of the insurer.
(b) Certificates may be issued pursuant to subdivision (a) or (b) of Section 1764.2. The certificates shall be in the name of the surplus line broker and not in the name of the nonadmitted insurer, shall be signed by the surplus line broker, and shall contain all of the matters specified in Insurance Code Section 381.
(c) Policies may only be issued pursuant to subdivision (a) of Section 1764.2. The policies shall contain all of the matters specified in Section 381 and shall be countersigned by the surplus line broker.
Ca. Ins. Code § 1764
Amended by Stats 2011 ch 83 (AB 315),s 16, eff. 7/13/2011, op. 7/21/2011.

SECTIONS