CA| The Surplus Line Association of California (SLA) issued Bulletin #1508 on June 24, 2025, reminding surplus line broker business entities that California law requires at least one individually licensed surplus line broker to be endorsed to the business entity license via a Business Entity Endorsement filed with the California Department of Insurance through Sircon. This requirement, under California Insurance Code sections 1656 and 1765(d), ensures that only properly endorsed individuals can exercise the powers and duties of the license; if no individual is endorsed, the business entity cannot legally transact surplus line insurance. The SLA further advises entities to endorse more than one broker to avoid interruption of business if the sole endorsee becomes unavailable.
- Refer to SLA Bulletin #1134 for detailed guidance on business entity licensing requirements.
- Review SLA Bulletin #1140 for additional information about surplus line broker endorsements.