Statute · California Insurance Code
Cal. Ins. Code § 12055 — Capital and Scope of Business
Cal. Ins. Code § 12055
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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.
Citator
Cal. Ins. Code § 12055 — Capital and Scope of Business is in force in the current edition of the Code, and nothing recorded condemns it.
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.