California Insurance Code

§ 1760.5

INS § 1760.5 Effective Jul 15, 2011Div. 1 · Part 2 · Ch. 6

Statute text

(a)The provisions of this chapter limiting the insurance that may be placed with nonadmitted insurers and requiring any report thereof shall not apply to:

(1)Reinsurance of the liability of an admitted insurer.

(2)Insurance against perils of navigation, transit, or transportation upon hulls, freights or disbursements, or other shipowner interests; upon goods, wares, merchandise, and all other personal property and interests therein, in the course of exportation from or importation into any country, or transportation coastwise, including transportation by land or water from point of origin to final destination and including war risks; and marine builder’s risks, drydocks, and marine railways, including insurance of ship repairer’s liability, and protection and indemnity insurance, but excluding insurance covering bridges or tunnels.

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Legislative history

Amended by Stats. 2011, Ch. 83, Sec. 11. (AB 315) Effective July 15, 2011. Operative July 21, 2011, by Sec. 34 of Stats. 2011, Ch. 83.