California Insurance Code

§ 703

INS § 703 Effective Jul 15, 2011Div. 1 · Part 2 · Ch. 1 · Art. 3

Statute text

Except when performed by a surplus line broker, the following acts are misdemeanors when done in this state:

(a)Acting as agent for a nonadmitted insurer in the transaction of insurance business in this state for a home state insured as defined in subdivision (f) of Section 1760.1.

(b)In any manner advertising a nonadmitted insurer in this state.

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Legislative history

Amended by Stats. 2011, Ch. 83, Sec. 5. (AB 315) Effective July 15, 2011. Operative July 21, 2011, by Sec. 34 of Stats. 2011, Ch. 83.