California § 832. 832. (Enacted by Stats. 1935, Ch. 145.)

California Statutes

§ 832. — 832. (Enacted by Stats. 1935, Ch. 145.)

California § 832.

JurisdictionCalifornia

Code INSInsurance 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. 8.ARTICLE 8. Issue of Securities

This text of California § 832. (832. (Enacted by Stats. 1935, Ch. 145.)) 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 § 832. (2026).

Text

Every insurer that commits any of the following acts is guilty of a public offense and punishable by fine not exceeding ten thousand dollars:

(a)Selling or causing to be issued a security contrary to the provisions of this article or not in conformity with the permit of the commissioner.

(b)Applying any of the proceeds of sale of a security to any purpose other than as specified in the permit, or to a purpose specified in the permit, but in excess of the amount limited for that purpose.

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Every insurer that commits any of the following acts is guilty of a public offense and punishable by fine not exceeding ten thousand dollars:
(a)
Selling or causing to be issued a security contrary to the provisions of this article or not in conformity with the permit of the commissioner.
(b)
Applying any of the proceeds of sale of a security to any purpose other than as specified in the permit, or to a purpose specified in the permit, but in excess of the amount limited for that purpose.

Legislative History

Enacted by Stats. 1935, Ch. 145.

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California § 832., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/832..