1662-1665

INSURANCE CODE
SECTION 1662-1665




1662.  A fire and casualty broker-agent shall, prior to acting in
the capacity of an insurance broker, file 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.


1663.  Such bond shall be duly executed by an admitted surety
insurer, shall be continuous in form, and shall be in favor of the
people of the State of California.



1665.  The bond of a fire and casualty broker-agent shall be in the
amount of ten thousand dollars ($10,000). The bond shall be
contingent on the accounting by the fire and casualty broker-agent to
any person requesting insurance, for moneys or premiums collected by
the fire and casualty broker-agent when acting as a broker for
insurance other than life.