Cal. Ins. Code § 1766

Current through the 2023 Legislative Session.
Section 1766 - Payment of premium to broker acting for person in negotiating, continuing or renewing policy

A payment of premium to a surplus line broker acting for a person other than himself or herself in negotiating, continuing, or renewing any policy of insurance under this chapter shall be deemed to be payment to the insurer, notwithstanding any conditions or stipulations in the policy or contract. Nothing in this section shall be deemed to relieve a surplus line broker or special lines' surplus line broker of any obligation owed to a home state insured or home state insured applicant.

Ca. Ins. Code § 1766

Amended by Stats 2011 ch 83 (AB 315),s 25, eff. 7/13/2011, op. 7/21/2011.