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California Code, Insurance Code - INS § 12815

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) An obligor who is not a seller shall possess a vehicle service contract provider license. A vehicle service contract provider license shall be applied for and maintained, and its holder shall be subject to disciplinary action, as if it were a property broker-agent and casualty broker-agent license, with the following exceptions:

(1) An applicant for a vehicle service contract provider license is exempt from having to satisfy prelicensing and continuing education requirements, and from having to pass a qualifying exam.

(2) The fee to obtain a vehicle service contract provider license shall be four thousand nine hundred thirty-nine dollars ($4,939). The fee to renew a vehicle service contract provider license shall be eight hundred forty-seven dollars ($847).

(b) A service contract administrator shall be licensed as a property broker-agent and casualty broker-agent.

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Cite this article: FindLaw.com - California Code, Insurance Code - INS § 12815 - last updated January 01, 2025 | https://codes.findlaw.com/ca/insurance-code/ins-sect-12815/

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