California § 1649.5. 1649.5. (Amended by Stats. 2011, Ch. 411, Sec. 13.)

California Statutes

§ 1649.5. — 1649.5. (Amended by Stats. 2011, Ch. 411, Sec. 13.)

California § 1649.5.

JurisdictionCalifornia

Code INSInsurance 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

This text of California § 1649.5. (1649.5. (Amended by Stats. 2011, Ch. 411, Sec. 13.)) 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 § 1649.5. (2026).

Text

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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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.

Legislative History

Amended by Stats. 2011, Ch. 411, Sec. 13. (AB 1416) Effective January 1, 2012.

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California § 1649.5., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/1649.5..