Cal. Ins. Code § 1685
Certificates of Convenience
Redline — January 1, 2011 → current.View current text →
Current — January 1, 2013
As of January 1, 2011
The commissioner may issue to a person eligible therefor a certificate of convenience to act as any of the following:
The commissioner may issue to an eligible person a certificate of convenience to act as any of the following:
(a) Any type of a licensee under this chapter or Chapter 6 (commencing with Section 1760), 7 (commencing with Section 1800), or Part 5 (commencing with Section 121401) of Division 2 to administer the business of a licensed person who has died or who has been declared incompetent by the judgment of a court of competent jurisdiction. That certificate of convenience may be denominated an estate certificate of convenience.
(a) Any type of a licensee under this chapter or Chapter 6 (commencing with Section 1760), Chapter 7 (commencing with Section 1800), or Part 5 (commencing with Section 121401) of Division 2 to administer the business of a licensed person who has died or who has been declared incompetent by the judgment of a court of competent jurisdiction. That certificate of convenience may be denominated an estate certificate of convenience.
(b) Any type of a licensee under this chapter or Chapter 6 (commencing with Section 1760), 7 (commencing with Section 1800), or Part 5 (commencing with Section 121401) of Division 2 to conserve the business of a licensed natural person who enters the military service of the United States or to conserve the business of an organization under the conditions specified in Section 1697. That certificate of convenience may be denominated a military service certificate.
(b) Any type of a licensee under this chapter or Chapter 6 (commencing with Section 1760), Chapter 7 (commencing with Section 1800), or Part 5 (commencing with Section 121401) of Division 2 to conserve the business of a licensed natural person who enters the military service of the United States or to conserve the business of an organization under the conditions specified in Section 1697. That certificate of convenience may be denominated a military service certificate.
(c) An industrial debit collection certificate holder to transact industrial life and industrial disability insurance.
(1) “Industrial life insurance” means life insurance with an aggregate face amount sold to any one insured and in force at any one time in an amount not exceeding ten thousand dollars ($10,000); premiums are payable at least monthly; premiums are collected in person and not by mail or otherwise by the industrial debit collection certificate holder with a written receipt delivered to the insured, and the words “INDUSTRIAL LIFE POLICY” or “MONTHLY DEBIT ORDINARY” are printed on the policy as part of the descriptive matter.
(2) “Industrial disability insurance” means disability insurance with premiums payable at least monthly at a rate not greater than fifteen dollars ($15) per person, per month; premiums are collected in person and not by mail or otherwise by the industrial debit collection certificate holder with a written receipt delivered to the insured and with the words “INDUSTRIAL POLICY” printed on the policy as part of the descriptive matter.
(3) An industrial debit collection certificate holder may collect premiums on insurance policies not solicited by him or her so long as the premiums are collected in person and not by mail or otherwise by the certificate holder at least once a month and the insured is issued a written receipt for the premium payment thereof.
(4) An industrial debit collection certificate holder shall be subject to the provisions of this code regulating the conduct of life agents.
Certificates of convenience issued pursuant to subdivision (c) may be denominated certificates of convenience pending examination.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.