There shall be no civil liability on the part of any agent or broker who places liability insurance coverage on behalf of any risk retention group which is incorporated and licensed in this state in the event of an insolvency by the risk retention group.
Cal. Ins. Code § 138
Risk Retention
Known as the California Risk Retention Act
The act spans §§ 125–140 (14 sections).
Added by Stats. 1990, Ch. 1521, Sec. 1.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.