California Statutes
§ 757. — 757. (Added by Stats. 1989, Ch. 1099, Sec. 1.)
California·Code INS Insurance Code - INS·Div. 1. DIVISION 1. GENERAL RULES GOVERNING INSURANCE·Part 2. PART 2. THE BUSINESS OF INSURANCE·Ch. 1. CHAPTER 1. General Regulations·Art. 5.1. ARTICLE 5.1. Unlawful Practices
When a statement of the amount or segregation of a payroll is materially false, and an insurer, through a person employed by it in a managerial capacity, accepts the statement as the basis for the premium on a policy, the acceptance is an unlawful act if the accepting employee knows of the falsity.
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California § 757. (757. (Added by Stats. 1989, Ch. 1099, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1989, Ch. 1099, Sec. 1. Effective September 30, 1989.