Insurance: surplus line brokers: statement of business transacted.
It became law on Sep 21, 2011.
- Stage
- Became law
- Started in
- Senate
- Sponsors
- 2
- Latest action
- Sep 21, 2011
What it does
Existing law requires, on or before the first day of March of each year, the surplus line broker to file with the Insurance Commissioner a sworn statement of all business transacted under his or her surplus line license during the last preceding calendar year. "Business done" or "business transacted" under a surplus line broker's license means all insurance regarding which that surplus line broker is required to file a confidential written report with the commissioner or the commissioner's designee, as provided. Existing law further provides that if 2 or more persons licensed as surplus line brokers are involved in placing an insurance policy, only the one responsible for negotiating,…
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
- Gaines
- Calderon
In the news
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Where it goes next
Once a bill is decided, the questions are about what is done with it in California.