Statute · California Insurance Code
Cal. Ins. Code § 1724 — Conduct of Licensee
Cal. Ins. Code § 1724
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Date
- 2004-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
An agent, broker, or solicitor who is not an active member of the State Bar of California may not share a commission or other compensation with an active member of the State Bar of California. For purposes of this section, “commission or other compensation” means pecuniary or nonpecuniary…
Citator
Cal. Ins. Code § 1724 — Conduct of Licensee is in force in the current edition of the Code, and nothing recorded condemns it.
An agent, broker, or solicitor who is not an active member of the State Bar of California may not share a commission or other compensation with an active member of the State Bar of California. For purposes of this section, “commission or other compensation” means pecuniary or nonpecuniary compensation of any kind relating to the sale or renewal of an insurance policy or certificate or an annuity, including, but not limited to, a bonus, gift, prize, award, or finder’s fee.