DIVISION 2. CLASSES OF INSURANCE 1880-12880.5›PART 6. INSURANCE COVERING LAND 12340-12661›CHAPTER 2A. Mortgage Guaranty Insurance 12640.01-12640.20›ARTICLE 5. Rebates and Commissions 12640.12-12640.15
§ 12640.145
California Insurance Code · 2018-11 edition · updated 2026-10-04 · California
No mortgage guaranty insurer shall pay any compensation to any person for transacting insurance for or with it based in whole or in part upon a commission basis unless such person is licensed pursuant to and subject to all the provisions of and restrictions in Chapter 5, Part 2, Division 1 of this code. This section shall not be construed so as to affect the meaning of any other provisions of this article.
(Added by Stats. 1963, Ch. 1284.)
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