California Statutes

§ 12640.15. — 12640.15. (Added by Stats. 1961, Ch. 719.)

California·Code INS Insurance 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
The commissioner may after a hearing suspend or revoke the certificate of authority of any mortgage guaranty insurer which, after 10 days written notice from the commissioner requiring it to cease and desist, continues to pay any commission or to make any unlawful rebate in willful violation of the provisions of this article (commencing with Section 12640.12). The hearings of the commissioner shall be conducted in accordance with the Administrative Procedure Act, Chapter 5, Part 1, Division 3, Title 2 of the Government Code, and the commissioner shall have all the powers granted therein.

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California § 12640.15. (12640.15. (Added by Stats. 1961, Ch. 719.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Added by Stats. 1961, Ch. 719.

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