§ 1662
54 words·~1 min read·
/ca/insurance-code/1662A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A property broker-agent, a casualty broker-agent, and a personal lines broker-agent shall, prior to acting in the capacity of an insurance broker, file with the commissioner and continuously maintain in force the bond required by this article. Any authority to act as broker shall automatically terminate immediately upon there being no bond in force.