ARTICLE 4.8. Business Transacted with Producer Controlled Insurer [1216. - 1216.6.]

Article 4.8 added by Stats. 1992, Ch. 614, Sec. 7.

§§ 1216–1216.6 · 7 sections

• § 1216 This article may be cited as the Business Transacted with Producer Controlled Insurer Act.
• § 1216.1 As used in this article, the following terms have the following meanings: (a) “Accredited state” means a state in which the insurance department or regulatory…
• § 1216.2 This article shall apply to insurers as defined in subdivision (e) of Section 1216.1, either domiciled in this state or domiciled in a state that is not an…
• § 1216.3 (a) (1) The provisions of this section shall apply if, in any calendar year, the aggregate amount of gross written premium of business placed with a controlled…
• § 1216.4 The controlling producer shall, prior to the effective date of the policy, deliver written notice to the prospective insured disclosing the relationship…
• § 1216.5 (a) (1) If the commissioner believes that the controlling producer or any other person has not materially complied with this article, or any regulation or…
• § 1216.6 Controlled insurers and controlling producers who are not in compliance with Section 1216.3 of this act on its effective date shall have 60 days to do so and…