California Insurance Code

§ 1749.85

INS § 1749.85 Effective Jan 1, 2012Div. 1 · Part 2 · Ch. 5 · Art. 13.5

Statute text

(a)The curriculum committee shall, in 2006, make recommendations to the commissioner to instruct property broker-agents, casualty broker-agents, and personal lines broker-agents and applicants for property broker-agent, casualty broker-agent, and personal lines broker-agent licenses in proper methods of estimating the replacement value of structures, and of explaining various levels of coverage under a homeowners’ insurance policy. Each provider of courses based upon this curriculum shall submit its course content to the commissioner for approval.

(b)A person who is not an insurer underwriter or actuary or other person identified by the insurer, or a licensed property broker-agent, casualty broker-agent, personal lines broker-agent, contractor, or architect shall not estimate the replacement value of a structure, or explain various levels of coverage under a homeowners’ insurance policy.

(c)This section shall not be construed to preclude licensed appraisers, contractors, and architects from estimating replacement value of a structure.

…

Legislative history

Amended by Stats. 2011, Ch. 411, Sec. 41. (AB 1416) Effective January 1, 2012.