DIVISION 2. CLASSES OF INSURANCE 1880-12880.6›PART 4. MISCELLANEOUS CASUALTY INSURANCES 12050-12129›CHAPTER 1. Surety Insurers on Reserve Basis; Capital Requirements and Permitted Insurances 12050-12122›ARTICLE 1. Capital and Scope of Business 12050-12055
§ 12055
California Insurance Code · 2020-11 edition · updated 2026-10-04 · California
An insurer admitted in the State to transact credit insurance may also acquire and dispose of debts so insured and collect any debts owed to such insurer or to any person so insured by it. In performing any such act the credit insurer shall be under the jurisdiction of the Insurance Commissioner.
(Added by Stats. 1963, Ch. 19.)
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