Cal. Ins. Code § 1662

Current through the 2023 Legislative Session.

Section 1662 - Property broker-agent, casualty broker-agent and personal lines broker agent

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.

Ca. Ins. Code § 1662

Amended by Stats 2017 ch 417 (AB 1696),s 14, eff. 1/1/2018.

Amended by Stats 2011 ch 411 (AB 1416),s 15, eff. 1/1/2012.

Amended by Stats 2002 ch 203 (AB 2984), s 13, eff. 1/1/2003.