§ 12055
52 words·~1 min read·
/ca/insurance-code/12055A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An insurer admitted in the State to transact credit insurance may also acquire and dispose of debts so insured and collect any debts owed to such insurer or to any person so insured by it. In performing any such act the credit insurer shall be under the jurisdiction of the Insurance Commissioner.