DIVISION 2. CLASSES OF INSURANCE 1880-12880.6›PART 2. LIFE AND DISABILITY INSURANCE 10110-11549›CHAPTER 5. General Regulation of Life Insurers 10430-10509.946›ARTICLE 1. Restrictions on Business 10430-10436
§ 10430
California Insurance Code · 2020-11 edition · updated 2026-10-04 · California
An admitted life insurer shall not issue or deliver in this State, any securities or any special or advisory board or other contracts of any kind promising returns and profits as an inducement to insurance nor shall it permit its agents, officers or employees to do so.
(Enacted by Stats. 1935, Ch. 145.)
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