California § 12640.145. 12640.145. (Added by Stats. 1963, Ch. 1284.)

California Statutes

§ 12640.145. — 12640.145. (Added by Stats. 1963, Ch. 1284.)

California § 12640.145.

JurisdictionCalifornia

Code INSInsurance Code - INS

Div. 2.DIVISION 2. CLASSES OF INSURANCE

Part 6.PART 6. INSURANCE COVERING LAND

Ch. 2A.CHAPTER 2A. Mortgage Guaranty Insurance

Art. 5.ARTICLE 5. Rebates and Commissions

This text of California § 12640.145. (12640.145. (Added by Stats. 1963, Ch. 1284.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Insurance Code - INS Code § 12640.145. (2026).

Text

No mortgage guaranty insurer shall pay any compensation to any person for transacting insurance for or with it based in whole or in part upon a commission basis unless such person is licensed pursuant to and subject to all the provisions of and restrictions in Chapter 5, Part 2, Division 1 of this code. This section shall not be construed so as to affect the meaning of any other provisions of this article.

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No mortgage guaranty insurer shall pay any compensation to any person for transacting insurance for or with it based in whole or in part upon a commission basis unless such person is licensed pursuant to and subject to all the provisions of and restrictions in Chapter 5, Part 2, Division 1 of this code. This section shall not be construed so as to affect the meaning of any other provisions of this article.