Statute · California Insurance Code
Cal. Ins. Code § 757 — Unlawful Practices
Cal. Ins. Code § 757
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Date
- 1989-09-30
- Current through
- Nov 2, 2026 (California Legislative Counsel)
When a statement of the amount or segregation of a payroll is materially false, and an insurer, through a person employed by it in a managerial capacity, accepts the statement as the basis for the premium on a policy, the acceptance is an unlawful act if the accepting employee knows of the falsity.
Citator
Cal. Ins. Code § 757 — Unlawful Practices is in force in the current edition of the Code, and nothing recorded condemns it.
When a statement of the amount or segregation of a payroll is materially false, and an insurer, through a person employed by it in a managerial capacity, accepts the statement as the basis for the premium on a policy, the acceptance is an unlawful act if the accepting employee knows of the falsity.