Statute · California Insurance Code
Cal. Ins. Code § 1662 — Bonds
Cal. Ins. Code § 1662
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Date
- 2018-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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…
Citator
Cal. Ins. Code § 1662 — Bonds is in force in the current edition of the Code, and nothing recorded condemns it.
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.