Cal. Code Regs. tit. 10 § 260.140.113.9
The sponsor may provide insurance brokerage services in connection with obtaining insurance on the program's property so long as the cost of providing such service, including the cost of the insurance, is no greater than the lowest quote obtained from two unaffiliated insurance agencies and the coverage and terms are likewise comparable. In no event may such services be provided by the sponsor unless they are independently engaged in the business of providing such services to other than affiliates and at least 75% of their insurance brokerage service gross revenue is derived from other than affiliates.
Cal. Code Regs. Tit. 10, § 260.140.113.9
Note: Authority cited: Section 25610, Corporations Code. Reference: Section 25140, Corporations Code.