Cal. Ins. Code § 12815

Current through the 2023 Legislative Session.
Section 12815 - Vehicle service contract license
(a) An obligor who is not a seller shall possess a vehicle service contract provider license. A vehicle service contract provider license shall be applied for and maintained, and its holder shall be subject to disciplinary action, as if it were a property broker-agent and casualty broker-agent license, with the following exceptions:
(1) An applicant for a vehicle service contract provider license is exempt from having to satisfy prelicensing and continuing education requirements, and from having to pass a qualifying exam.
(2) The fee to obtain a vehicle service contract provider license shall be four thousand nine hundred thirty-nine dollars ($4,939). The fee to renew a vehicle service contract provider license shall be eight hundred forty-seven dollars ($847).
(b) A service contract administrator shall be licensed as a property broker-agent and casualty broker-agent.

Ca. Ins. Code § 12815

Amended by Stats 2017 ch 534 (AB 1699),s 84, eff. 1/1/2018.
Amended by Stats 2011 ch 411 (AB 1416),s 57, eff. 1/1/2012.
Added by Stats 2003 ch 439 (AB 984), s 5, eff. 7/1/2004.