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Code · California · Insurance Code

§ 12640.145

73 words·~1 min read·/ca/insurance-code/12640-145

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

No mortgage guaranty insurer shall pay any compensation to any person for transacting insurance for or with it based in whole or in part upon a commission basis unless such person is licensed pursuant to and subject to all the provisions of and restrictions in Chapter 5, Part 2, Division 1 of this code. This section shall not be construed so as to affect the meaning of any other provisions of this article.
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