California Insurance Code 1729.5 – A property broker-agent, casualty broker-agent, or life agent who has …
A property broker-agent, casualty broker-agent, or life agent who has a service contract with a corporation licensed under this code or who is a stockholder or member of any incorporated association or corporation organized under the Corporations Code for the purpose of providing services to property broker-agents, casualty broker-agents, or life agents may use the name of that corporation or association on any stationery or advertisements and other written or printed matter used to identify the business of the property broker-agent, casualty broker-agent, or life agent provided that the name of the property broker-agent, casualty broker-agent, or life agent is clearly identified as bearing only that relationship to the corporation or association in one of the following ways:
“Representing ____;”
Terms Used In California Insurance Code 1729.5
- Casualty broker-agent: means a person licensed pursuant to Section 1625. See California Insurance Code 33.5
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Property broker-agent: means a person licensed pursuant to Section 1625. See California Insurance Code 33.5
“A stockholder of ____;”
“Placing business through ____;”
“Using services of ____.”
The use of the corporation or association name in the manner provided in this section shall not constitute such use as would mislead the public within the meaning of Section 1724.5.
(Amended by Stats. 2011, Ch. 411, Sec. 30. (AB 1416) Effective January 1, 2012.)