California Statutes
§ 1649.5. — 1649.5. (Amended by Stats. 2011, Ch. 411, Sec. 13.)
California·Code INS Insurance Code - INS·Div. 1. DIVISION 1. GENERAL RULES GOVERNING INSURANCE·Part 2. PART 2. THE BUSINESS OF INSURANCE·Ch. 5. CHAPTER 5. Production Agencies·Art. 3. ARTICLE 3. Licensing
Notwithstanding Section 1642, an insurer may own or control, whether directly or indirectly, a separate entity licensed under this chapter as a property broker-agent, casualty broker-agent, or life agent as defined in Section 1621, 1622, or 1623, respectively. Insurance transacted by a property broker-agent or a casualty broker-agent with and on behalf of the owning or controlling insurer shall be in its capacity as an insurance agent.
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California § 1649.5. (1649.5. (Amended by Stats. 2011, Ch. 411, Sec. 13.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2011, Ch. 411, Sec. 13. (AB 1416) Effective January 1, 2012.