California § 1735.5 - A property broker-agent, casualty broker-agent, or surplus line broker, hereinaft
Full text of California Public Contract Code - PCC § 1735.5 — A property broker-agent, casualty broker-agent, or surplus line broker, hereinaft, with citation guidance and answers to common questions.
§ 1735.5. A property broker-agent, casualty broker-agent, or surplus line broker, hereinaft
A property broker-agent, casualty broker-agent, or surplus line broker, hereinafter the âlicensee,â may offset funds due an insured for return premiums on any policy against amounts due the licensee from the same insured for unpaid premiums on the same or any other policy. Any insurer may pay return premiums to any property broker-agent or any casualty broker-agent for that purpose. This section shall not invalidate an assignment of return premium made concurrently with policy issuance as security for financing that premium, nor the right of the assignee, or the assigneeâs assign, to enforce the assignment as a prior claim.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1735.5
What does Public Contract Code - PCC § 1735.5 cover?
Section 1735.5 ("A property broker-agent, casualty broker-agent, or surplus line broker, hereinaft") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 1735.5?
A common citation format is "Public Contract Code - PCC § 1735.5" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 1735.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.