Current through the 2024 Legislative Session.
Section 1760 - Home state insured effecting insurance with nonadmitted insurer(a) A home state insured, as defined in subdivision (f) of Section 1760.1, may negotiate and effect insurance to protect himself, herself, or itself against loss, damage, or liability with any nonadmitted insurer.(b) Every home state insured that effects insurance governed by this chapter shall pay the tax imposed by Part 7.5 (commencing with Section 13201) of Division 2 of the Revenue and Taxation Code.(c) This section shall become operative on January 1, 2018.Added by Stats 2012 ch 713 (AB 480),s 2, eff. 1/1/2013.