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2024 California Code
Insurance Code - INS
DIVISION 1 - GENERAL RULES GOVERNING INSURANCE
PART 2 - THE BUSINESS OF INSURANCE
CHAPTER 5 - Production Agencies
ARTICLE 5 - Bonds
Section 1662.
Universal Citation:
CA Ins Code § 1662 (2024)
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1662. A property broker-agent, a casualty broker-agent, and a personal lines broker-agent shall, prior to acting in the capacity of an insurance broker, file with the commissioner and continuously maintain in force the bond required by this article. Any authority to act as broker shall automatically terminate immediately upon there being no bond in force.
(Amended by Stats. 2017, Ch. 417, Sec. 14. (AB 1696) Effective January 1, 2018.)
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