California Law (Last Updated: March 4, 2014) |
Insurance Code - INS |
Division 1. GENERAL RULES GOVERNING INSURANCE |
Part 2. THE BUSINESS OF INSURANCE |
Chapter 5. Production Agencies |
ARTICLE 3. Licensing |
Section 1634.
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No license is required under this chapter for a person to act in any of the following capacities:
(a) As a full-time salaried employee of a title insurer, controlled escrow company or an underwritten title company.
(b) As a salaried solicitor or agent of a mortgage insurer or mortgage guaranty insurer provided no part of the compensation of the person is on a commission basis.
(c) As the attorney in fact of a reciprocal or interinsurance exchange.
(d) As a life and disability insurance analyst.
(e) As a surplus line broker or special lines surplus line broker.
(f) As a bail agent, bail solicitor or bail permittee.
(g) As an employee, not paid on a commission basis, of a home protection company, including, but not limited to, soliciting, negotiating, or effecting home protection contracts by the employee.
(h) As an employee of a creditor who secures and forwards information for the purpose of obtaining group credit life, credit disability, or involuntary unemployment insurance, or for enrolling individuals in a group credit life, credit disability, or involuntary unemployment insurance plan or issuing certificates of insurance thereunder where no commission is paid to the employee for those services.