California Codes, Business and Professions Code - BPC, Division 3 — Professions and Vocations Generally, Chapter 15 — Land Surveyors, Article 5.7 — Reporting Requirements, Section 8776.2

(a) Within 30 days of payment of all or any portion of any civil action judgment, settlement, or binding arbitration award described in Section 8776 against a licensee of the board, any insurer providing professional liability insurance to that licensee shall report to the board the name of the licensee; the amount or value of the judgment, settlement, or binding arbitration award; the amount paid by the insurer; and the identity of the payee.

(b) Within 30 days of payment of all or any portion of any civil action judgment, settlement, or binding arbitration award described in Section 8776 against a licensee of the board, any state or local government agency that self-insures that licensee shall report to the board the name of the licensee; the amount or value of the judgment, settlement, or binding arbitration award; the amount paid; and the identity of the payee.

Notes

Requires a professional-liability insurer, or a state or local agency self-insuring a board licensee, to report within 30 days after paying any portion of a specified civil judgment, settlement, or binding arbitration award against the licensee. The report must identify the licensee, award or settlement value, amount paid, and payee.

Use as reference

Lexinter.net | California Code, Business and Professions Code - BPC § 8776.2 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-3/chapter-15/article-5-7/section-8776-2

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