Thereafter, a fire burned down the home and killed one of the homeowners. The premium was not paid within the stated time. The EOI required that the premium be paid within 15 days of the date it was issued. The mortgage broker sent a copy of the EOI to Chicago Title, and the lender then funded the loan. The EOI identified Pacific Specialty Insurance Company (PSIC) as the insurer. AMZ prepared the EOI and sent it back to the mortgage broker with a premium invoice. The mortgage broker contacted AMZ Insurance Services (AMZ) to obtain the required insurance. The lender required evidence of insurance. The subject homeowners contacted a mortgage broker to refinance their home. Pacific Specialty Insurance Company, 188 Cal. The Court of Appeals of California, Fourth District, recently considered whether a document entitled "Evidence of Property Insurance" (EOI) could be an enforceable binder of homeowner's insurance.
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