California Insurance Code

§ 1781.5

INS § 1781.5Div. 1 · Part 2 · Ch. 6.5

Statute text

(a)For at least 10 years after expiration of each contract of reinsurance transacted by a reinsurance intermediary-broker, the reinsurance intermediary-broker shall keep a complete record for each transaction, including all of the following:

(1)The type of contract, limits, underwriting restriction, classes or risks, and territory.

(2)The period of coverage, including effective and expiration dates, cancellation provisions, and the notice required for cancellation.

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Legislative history

Added by Stats. 1991, Ch. 1009, Sec. 1.