Section 1764.3 Of Chapter 6. Surplus Line Brokers From California Insurance Code >> Division 1. >> Part 2. >> Chapter 6.
1764.3
. If the surplus line broker acts in reliance on advice
received in accordance with subdivision (b) of Section 1764.2, the
broker shall deliver the policy to the home state insured or his or
her representative, and, if the delivery is not made within 30 days
after the date of the issuance of the certificate or upon which the
risk has been bound or the home state insured or the home state
insured applicant has been advised that coverage has been or will be
obtained, he or she shall deliver to the insured either of the
following:
(a) A photostatic copy of evidence that the insurance has been
bound.
(b) If the nonadmitted insurer is located outside the United
States, a cover note, placing slip, or similar document evidencing
coverage issued or certified to by any broker located outside the
United States who actually placed that insurance with the nonadmitted
insurer.