Section 2189.2 - Definitions(a) "Broker fee" means and includes any fee, however labeled, charged by an insurance broker, as defined in Insurance Code sections 33 and 1623, to provide services that constitute or arise out of the transaction of insurance, as defined in sections 35 of the Insurance Code, but excludes fees charged for services not constituting or arising out of the transaction of insurance.(b) "Consumer" means an applicant or purchaser of personal insurance coverage described in Insurance Code sections 660 or 675.(c) "Retail broker-agent" means a broker-agent that negotiates an insurance contract directly with a consumer.(d) "Wholesale intermediary" means a broker-agent that negotiates an insurance contract with a retail broker-agent, but not with a consumer.Cal. Code Regs. Tit. 10, § 2189.2
1. New section filed 8-25-2000; operative 11-23-2000 pursuant to Government Code section 11343.4(c) (Register 2000, No. 34). Note: Authority cited: Section 790.10, Insurance Code. Reference: Sections 790, 790.01, 790.02 and 709.03(b), Insurance Code.
1. New section filed 8-25-2000; operative 11-23-2000 pursuant to Government Code section 11343.4(c) (Register 2000, No. 34).