California Insurance Code 15058 – A revoked license or branch officer certificate is subject to …
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A revoked license or branch officer certificate is subject to expiration as provided in this article, but it may not be renewed. If it is reinstated after its expiration, the licensee, as a condition precedent to its reinstatement, shall pay a reinstatement fee in the amount equal to the renewal fee in effect on the last regular renewal date before the date on which it is reinstated, plus the delinquency fee, if any accrued at the time of its revocation.
(Added by Stats. 1985, Ch. 1202, Sec. 1.)
Terms Used In California Insurance Code 15058
- Licensee: means a person licensed under this chapter. See California Insurance Code 15001
- Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.