Statute · California Insurance Code

Cal. Ins. Code § 1766 — Surplus Line Brokers

Cal. Ins. Code § 1766

Type
Statute
Source
California Insurance Code
Jurisdiction
California
Date
2011-07-15
Current through
Nov 2, 2026 (California Legislative Counsel)

A payment of premium to a surplus line broker acting for a person other than himself or herself in negotiating, continuing, or renewing any policy of insurance under this chapter shall be deemed to be payment to the insurer, notwithstanding any conditions or stipulations in the policy or…

Citator

Cal. Ins. Code § 1766 — Surplus Line Brokers is in force in the current edition of the Code, and nothing recorded condemns it.

A payment of premium to a surplus line broker acting for a person other than himself or herself in negotiating, continuing, or renewing any policy of insurance under this chapter shall be deemed to be payment to the insurer, notwithstanding any conditions or stipulations in the policy or contract. Nothing in this section shall be deemed to relieve a surplus line broker or special lines’ surplus line broker of any obligation owed to a home state insured or home state insured applicant.