Statute · California Insurance Code
Cal. Ins. Code § 11162 — Violations and Penalties
Cal. Ins. Code § 11162
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Date
- 2011-04-04
- Current through
- Nov 2, 2026 (California Legislative Counsel)
It is a felony, punishable by imprisonment pursuant to subdivision (h) of Section 1170 of the Penal Code, for any officer, director, agent or employee of any fraternal benefit society to, directly or indirectly, for himself or as partner or agent of others:
Citator
Cal. Ins. Code § 11162 — Violations and Penalties is in force in the current edition of the Code, and nothing recorded condemns it.
It is a felony, punishable by imprisonment pursuant to subdivision (h) of Section 1170 of the Penal Code, for any officer, director, agent or employee of any fraternal benefit society to, directly or indirectly, for himself or as partner or agent of others:
(a) Borrow any of the funds of such society.
(b) Become endorser or surety for loans by the society to others.
(c) In any manner be obligor for moneys borrowed or loaned by such society.