DIVISION 1. GENERAL RULES GOVERNING INSURANCE 100-1879.8›PART 2. THE BUSINESS OF INSURANCE 680-1879.8›CHAPTER 5. Production Agencies 1621-1758.993›ARTICLE 16.7. Credit Insurance Agents 1758.9-1758.993
§ 1758.98
California Insurance Code · 2020-11 edition · updated 2026-10-04 · California
Under the authority of the credit insurance agent license, a credit insurance agent shall not do any of the following:
(a) Offer to sell insurance except in conjunction with, and incidental to, a loan or extension of credit.
(b) Advertise, represent, or otherwise portray itself or its employees, agents, or endorsees as licensed insurers, life agents, property broker-agents, or casualty broker-agents.
(c) Pay any unlicensed person any compensation, fee, or commission dependent on the placement of insurance under the agent’s license. Nothing in this subdivision shall prohibit production payments or incentive payments to an endorsee.
(Amended by Stats. 2011, Ch. 411, Sec. 51. (AB 1416) Effective January 1, 2012.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code