Cal. Code Regs. tit. 10 § 2114.5

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 2114.5 - Written Statement; Transaction by Dealer's Subsidiary

If the insurance is transacted by a dealer's subsidiary the information required to be contained in the Statement of Insurance may be given by the dealer's subsidiary to the purchaser as provided in this section if all the following requirements are met:

(a) The dealer's subsidiary has in the dealer's subsidiary's possession blank Statement of Insurance forms in which all of the information required by Section 2114 may be inserted.

(b) There is as a part of the transaction oral communication between the purchaser and the dealer's subsidiary either person to person or by telephone in which:

(1) The dealer's subsidiary ascertains that the purchaser has in the purchaser's possession and before the dealer's subsidiary at the time of such conversation a blank Statement of Insurance form which, if properly completed, will include all the information required by such section.

(2) The dealer's subsidiary secures from the purchaser all facts necessary to the underwriting and rating of the insurance.

(3) The dealer's subsidiary gives to the purchaser all information required to be set forth in the Statement of Insurance pursuant to such section and records the information given in the dealer's subsidiary's own Statement of Insurance form.

(c) The dealer's subsidiary on the same or next business day mails to the purchaser and to the motor vehicle dealer copies of the Statement of Insurance signed by the dealer's subsidiary and keeps a record thereof in the records referred to in Section 2116.

Cal. Code Regs. Tit. 10, § 2114.5

1. New section filed 9-5-61; designated effective 1-1-62 (Register 61, No. 18).
2. Change without regulatory effect amending subsections (a), (b)(1), (b)(3) and (c) filed 7-14-2021 pursuant to section 100, title 1, California Code of Regulations (Register 2021, No. 29). Filing deadline specified in Government Code section 11349.3(a) extended 60 calendar days pursuant to Executive Order N-40-20.