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Sections 1207(4); 1212; 1240(1), (2), and (4)
Updated 05/09/16
A producer license does not generally authorize brokering, defined as representing and receiving payment from a client for placing business. However, a producer who holds a surplus lines license is specifically authorized to broker surplus lines coverage. A surplus lines broker fee is subject to a limit authorized by Section 1915 of the Insurance Code and Administrative Rule R500.1251.
Yes.
Yes.
