Is Cal. Ins. Code § 1758.98 — Credit Insurance Agents still in force?

Statute · California Insurance Code

Cal. Ins. Code § 1758.98 — Credit Insurance Agents

Cal. Ins. Code § 1758.98

Type: Statute
Source: California Insurance Code
Jurisdiction: California
Date: 2012-01-01
Current through: Nov 2, 2026 (California Legislative Counsel)

Under the authority of the credit insurance agent license, a credit insurance agent shall not do any of the following:

Citator

Cal. Ins. Code § 1758.98 — Credit Insurance Agents is in force in the current edition of the Code, and nothing recorded condemns it.

Under the authority of the credit insurance agent license, a credit insurance agent shall not do any of the following:

(a) Offer to sell insurance except in conjunction with, and incidental to, a loan or extension of credit.

(b) Advertise, represent, or otherwise portray itself or its employees, agents, or endorsees as licensed insurers, life agents, property broker-agents, or casualty broker-agents.

(c) Pay any unlicensed person any compensation, fee, or commission dependent on the placement of insurance under the agent’s license. Nothing in this subdivision shall prohibit production payments or incentive payments to an endorsee.