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Section 1764.2 Of Chapter 6. Surplus Line Brokers From California Insurance Code >> Division 1. >> Part 2. >> Chapter 6.
1764.2
. No surplus line broker shall issue any evidence of
insurance or cause or purport to cause any risk to be insured by a
nonadmitted insurer or advise any home state insured or home state
insured applicant for insurance that coverage has been or will be
obtained from a nonadmitted insurer unless:
(a) The broker has prior written authority from the nonadmitted insurer to cause the risk to be insured;
(b) The broker has received advice in the ordinary course of business that the coverage has been obtained; or
(c) A policy of insurance covering the insured for the risk has actually been issued by the nonadmitted insurer and delivered to the insured or his or her representative.
(a) The broker has prior written authority from the nonadmitted insurer to cause the risk to be insured;
(b) The broker has received advice in the ordinary course of business that the coverage has been obtained; or
(c) A policy of insurance covering the insured for the risk has actually been issued by the nonadmitted insurer and delivered to the insured or his or her representative.
