California Business and Professions Code

§ 7071.21

BPC § 7071.21 Effective Jan 1, 2019Div. 3 · Ch. 9 · Art. 5

Statute text

(a)An insurer providing a licensee commercial general liability insurance, construction defect insurance, or professional liability insurance shall report to the registrar within 30 days of all or a portion of the insurer’s payment of a civil action judgment, settlement payment, or arbitration award, that meets all of the requirements of Section 7071.20, against the licensee all of the following:

(1)The name and license number of the licensee.

(2)The claim or file number.

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Legislative history

Added by Stats. 2018, Ch. 514, Sec. 2. (SB 1465) Effective January 1, 2019.