Statute · California Insurance Code
Cal. Ins. Code § 10430 — Restrictions on Business
Cal. Ins. Code § 10430
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
An admitted life insurer shall not issue or deliver in this State, any securities or any special or advisory board or other contracts of any kind promising returns and profits as an inducement to insurance nor shall it permit its agents, officers or employees to do so.
Citator
Cal. Ins. Code § 10430 — Restrictions on Business is in force in the current edition of the Code, and nothing recorded condemns it.
An admitted life insurer shall not issue or deliver in this State, any securities or any special or advisory board or other contracts of any kind promising returns and profits as an inducement to insurance nor shall it permit its agents, officers or employees to do so.