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
§ 10432
California Insurance Code · 2020-11 edition · updated 2026-10-04 · California
A corporation or stock company, acting as agent of a life insurer and its agents, officers, or employees shall not sell, agree or offer to sell, or give or offer to give, directly or indirectly, any such securities or contracts as an inducement to insurance or in connection therewith.
(Enacted by Stats. 1935, Ch. 145.)
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