Section 2121. Broker authorized to receive premium, when  


Latest version.
  • (a) Any insurer
      which delivers in this state to any  insurance  broker  or  any  insured
      represented  by  such  broker  a  contract  of insurance pursuant to the
      application or request of such broker, acting for an insured other  than
      himself,  shall  be  deemed to have authorized such broker to receive on
      its behalf payment of any premium which is due on such contract  at  the
      time  of  its issuance or delivery or payment of any installment of such
      premium  or  any  additional  premium  which  becomes  due  or   payable
      thereafter  on  such contract, provided such payment is received by such
      broker within ninety  days  after  the  due  date  of  such  premium  or
      installment  thereof or after the date of delivery of a statement by the
      insurer of such additional premium.
        (b) An agent who represents an insured for the  purpose  of  obtaining
      insurance  pursuant  to  any  plan  authorized  by articles fifty-three,
      fifty-four and fifty-five of this chapter shall be deemed to be a broker
      for the purposes of this section.