California Statutes
§ 1100.1. — 1100.1. (Amended by Stats. 1981, Ch. 979, Sec. 1.)
California·Code INS Insurance Code - INS·Div. 1. DIVISION 1. GENERAL RULES GOVERNING INSURANCE·Part 2. PART 2. THE BUSINESS OF INSURANCE·Ch. 1. CHAPTER 1. General Regulations·Art. 17. ARTICLE 17. Loans and Investments
Every admitted incorporated insurer may under a certificate of authority issued pursuant to the provisions of Article 3 (commencing with Section 699), engage in this state in the type of loan transactions otherwise permitted by law without obtaining any other license or certificate.
Pursuant to the authority contained in Section 1 of Article XV of the State Constitution, the restrictions upon rates of interest contained in Section 1 of Article XV of the California Constitution shall not apply to any obligation of, loans made by, or forbearances of, any incorporated admitted insurer.
This section creates and authorizes incorporated admitted insurers as an exempt class of persons pursuant to Section 1 of Article XV of the Constitution.
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California § 1100.1. (1100.1. (Amended by Stats. 1981, Ch. 979, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Wishnev v. Northwestern Mutual Life Insurance Co.
880 F.3d 493 (Ninth Circuit, 2018)
Washburn v. Prudential Insurance Co. of America
158 F. Supp. 3d 888 (N.D. California, 2015)
Wishnev v. Northwestern Mutual Life Insurance
162 F. Supp. 3d 930 (N.D. California, 2016)
Zager v. Lara
731 F.2d 1455 (Ninth Circuit, 1984)
Legislative History
Amended by Stats. 1981, Ch. 979, Sec. 1.