California Insurance Code

§ 1765.1

INS § 1765.1 Effective Jan 1, 2013Div. 1 · Part 2 · Ch. 6

Statute text

No surplus line broker shall place any coverage with a nonadmitted insurer for a home state insured unless the insurer is domiciled in the Republic of Mexico and the placement covers only liability arising out of the ownership, maintenance, or use of a motor vehicle, aircraft, or boat in the Republic of Mexico, or, at the time of placement, the nonadmitted insurer meets the requirements of either subdivision (a) or (b):

(a)If the insurer is domiciled in one of the states of the United States or its territories as defined in subdivision (o) of Section 1760.1:

(1)Is licensed to write the type of insurance in its domiciliary jurisdiction; and

…

Legislative history

Amended by Stats. 2012, Ch. 786, Sec. 35. (AB 2303) Effective January 1, 2013.