California Insurance Code 1693 – An estate certificate of convenience expires upon the happening of …
An estate certificate of convenience expires upon the happening of any of the following events, whichever occurs first:
(a) Upon the filing with the commissioner of a certified copy of an order appointing an executor or administrator, if the certificate of convenience has been issued to a person other than the person so appointed executor or administrator.
Terms Used In California Insurance Code 1693
- Casualty broker-agent: means a person licensed pursuant to Section 1625. See California Insurance Code 33.5
- Commissioner: means the Insurance Commissioner of this State. See California Insurance Code 20
- Executor: A male person named in a will to carry out the decedent
- license: includes a certificate of convenience and a permanent license, and the term "persons who are licensed" includes the holders of any such certificate or the license, but these definitions and the use of those terms in this chapter shall not confer upon a certificate of convenience or any holder thereof any property right in or to the certificate, the certificate being and remaining only a temporary permit, issued as a matter of convenience, allowing the transaction of insurance without a permanent license, but within the limits, and subject to the conditions of the certificate of convenience issued and the laws applicable thereto. See California Insurance Code 1627
- Person: means any person, association, organization, partnership, business trust, limited liability company, or corporation. See California Insurance Code 19
- Property broker-agent: means a person licensed pursuant to Section 1625. See California Insurance Code 33.5
(b) Upon the filing with the commissioner of a certified copy of an order appointing a new conservator of the estate of a property broker-agent, casualty broker-agent, or life agent.
(c) Upon the disposal of the business of the property broker-agent, casualty broker-agent, or life agent who is deceased or for whom a conservator of the estate has been appointed.
(d) Upon the expiration of one year after the death of the deceased property broker-agent, casualty broker-agent, or life agent; provided, however, that if during the said year the holder of the certificate of convenience files an application for a license to act as a property broker-agent, casualty broker-agent, or life agent in the individual capacity of the holder, then the certificate of convenience may remain in force until the holder thereof has been given an opportunity to take the qualifying examination for the license.
(e) Upon the termination of the conservatorship of the estate of the property broker-agent, casualty broker-agent, or life agent.
(Amended by Stats. 2021, Ch. 133, Sec. 13. (SB 272) Effective July 23, 2021.)