California § 1758.98. 1758.98. (Amended by Stats. 2011, Ch. 411, Sec. 51.)

California Statutes

§ 1758.98. — 1758.98. (Amended by Stats. 2011, Ch. 411, Sec. 51.)

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. 16.7. ARTICLE 16.7. Credit Insurance Agents

Under the authority of the credit insurance agent license, a credit insurance agent shall not do any of the following:

(a)Offer to sell insurance except in conjunction with, and incidental to, a loan or extension of credit.

(b)Advertise, represent, or otherwise portray itself or its employees, agents, or endorsees as licensed insurers, life agents, property broker-agents, or casualty broker-agents.

(c)Pay any unlicensed person any compensation, fee, or commission dependent on the placement of insurance under the agent’s license. Nothing in this subdivision shall prohibit production payments or incentive payments to an endorsee.

Free access — add to your briefcase to read the full text and ask questions with AI

Under the authority of the credit insurance agent license, a credit insurance agent shall not do any of the following:
(a)
Offer to sell insurance except in conjunction with, and incidental to, a loan or extension of credit.
(b)
Advertise, represent, or otherwise portray itself or its employees, agents, or endorsees as licensed insurers, life agents, property broker-agents, or casualty broker-agents.
(c)
Pay any unlicensed person any compensation, fee, or commission dependent on the placement of insurance under the agent’s license. Nothing in this subdivision shall prohibit
production payments or incentive payments to an endorsee.

California § 1758.98. (1758.98. (Amended by Stats. 2011, Ch. 411, Sec. 51.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.