Statute · California Business and Professions Code
Cal. Bus. & Prof. Code § 5063.2 — Standards of Professional Conduct
Cal. Bus. & Prof. Code § 5063.2
- Type
- Statute
- Source
- California Business and Professions Code
- Jurisdiction
- California
- Date
- 2003-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Within 30 days of payment of all or any portion of any civil action settlement or arbitration award against a licensee of the board in which the amount or value of the settlement or arbitration award is thirty thousand dollars ($30,000) or greater, any insurer or licensed surplus broker…
Citator
Cal. Bus. & Prof. Code § 5063.2 — Standards of Professional Conduct is in force in the current edition of the Code, and nothing recorded condemns it.
Within 30 days of payment of all or any portion of any civil action settlement or arbitration award against a licensee of the board in which the amount or value of the settlement or arbitration award is thirty thousand dollars ($30,000) or greater, any insurer or licensed surplus broker providing professional liability insurance to that licensee shall report to the board the name of the licensee, the amount or value of the settlement or arbitration award, the amount paid by the insurer or licensed surplus broker, and the identity of the payee.