Section 1765.3 Of Chapter 6. Surplus Line Brokers From California Insurance Code >> Division 1. >> Part 2. >> Chapter 6.
1765.3
. (a) A license under this chapter may be issued to an
individual or any legal business entity. If issued to a business
entity or individual that maintains more than one surplus line office
from which it transacts that business with California residents, it
shall name the natural person or persons located at each such surplus
line office maintained by the licensee who is or are responsible for
the proper discharge at each office of all duties placed upon the
licensee acting as a surplus line broker and each of these natural
persons are required to be licensed as a surplus line broker. Each
natural person shall meet all of the requirements for the license.
(b) Every application for a license filed by a corporation shall
contain the names and addresses of all stockholders owning 10 percent
or more of the corporation's stock, and of all officers and
directors of the corporation. Every licensed corporation shall file a
written notice with the commissioner of all changes, except address
changes, of its stockholders who own 10 percent or more of the
corporation's stock and of all officers and directors of the
corporation.