California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 1 - Production of Insurance
Article 7 - Production Agency Records
Section 2190.4 - Direct Billing

Universal Citation: 10 CA Code of Regs 2190.4

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

(a) With respect to any business transacted on a direct billing basis, the following records may be maintained in lieu of the records required by Section 2190.2:

(1) A policy record card or sheet or declaration page,

(2) Copies of premium payment receipts or other memoranda thereof for premiums collected when collected by the agent or broker,

(3) Records of premium payments made by the agent or broker,

(4) Copies of memoranda of any additional or return premium received by the agent or broker,

(5) Monthly or other periodic statements from the insurer showing premium receipts on the agent's or broker's business, and

(6) Copy of any cancellation notice, or letter of cancellation notice, or letter of cancellation for cause.

(b) All records specified in Section 2190.4(a)(1), (a)(2), (a)(3), (a)(4) and (a)(6) shall be maintained for at least five years after expiration or cancellation date of the policy.

1. Amendment filed 6-27-78; designated effective 9-1-78 (Register 78, No. 26).
2. Amendment of section and new NOTE filed 8-28-98; operative 9-27-98 (Register 98, No. 35).

Note: Authority cited: Sections 1727, 1763 and 1768, Insurance Code. Reference: Sections 1727, 1763 and 1768, Insurance Code.

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