Section 1773 Of Chapter 6. Surplus Line Brokers From California Insurance Code >> Division 1. >> Part 2. >> Chapter 6.
1773
. Surplus line brokers may advertise and solicit using print,
electronic media, direct mail, and all other advertising or marketing
media. These advertisements and solicitations may include a
description of nonadmitted insurance products available through the
surplus line broker, and may include the name of any nonadmitted
insurer, provided that all of the following apply: (a) the insurer is
authorized to accept placements from the surplus line broker
pursuant to Section 1765.1, (b) a nonadmitted insurer's name is not
used in connection with any nonadmitted insurance product of that
insurer, (c) the unlicensed status of the insurer or of the insurance
products is disclosed in type of a size no smaller than any
telephone number, address, or fax number appearing in the
advertisement or solicitation, and (d) the advertisement or
solicitation does not contain any assertion, representation, or
statement with respect to the business of insurance, or with respect
to any person in the conduct of his or her insurance business, that
is untrue, deceptive, or misleading, and that is known, or that by
the exercise of reasonable care should be known, to be untrue,
deceptive, or misleading. If the insurance is available from an
eligible nonadmitted insurer that is a member of a group of insurers,
advertisements and solicitations in accordance with this section may
include the name of the group. A surplus line broker's
advertisements and solicitations shall not include any information
about a nonadmitted insurer's premiums or rates.