California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 1 - Production of Insurance
Article 1 - Standards for Approval and Disapproval of Names of Insurance Producers
Section 2051 - Definitions

Universal Citation: 10 CA Code of Regs 2051

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

For the purposes of this Article and Division 1, Part 2, Chapter 5, Article 12, of the Insurance Code, the following definitions shall apply:

(a) The term "producer" means any person (including any partnership, association or corporation) licensed by the Commissioner in one or more of the following capacities: insurance agent, variable contract agent, life and disability agent, life only agent, disability only agent, insurance broker, surplus line broker, special lines surplus line broker, bail agent and bail permittee (The term "producer," for the purpose of these regulations, does not encompass or mean persons licensed as insurance solicitors or bail solicitors because an individual licensed as either an insurance solicitor or bail solicitor is authorized to do business solely under the said individual's true name or under the name(s) appearing on the license of the said individual's employer.);

(b) The term "true name" means present legal name or true corporate name;

(c) The term "bona fide natural name" means the name given an individual at birth or adoption during minority;

(d) The term "fictitious name" means any name other than a true name or a bona fide natural name;

(e) The term "applicant" means a person applying for approval of a name, and

(f) The term "other applicant or licensee" or "another applicant or licensee" shall include all persons except the applicant required by the Insurance Code:

(1) To hold a license from the Insurance Commissioner;

(2) To hold a certificate of authority from the Insurance Commissioner; or

(3) To have a name approved by the Insurance Commissioner although not otherwise required to be licensed.

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