Current through the 2016 Legislative Session
An insurer or reciprocal or interinsurance exchange is not eligible for any license under this chapter; but a corporation rendering sales services in connection with a separate account may be licensed irrespective of the extent of ownership of the corporation by an insurer. Nothing herein shall be interpreted to prohibit an insurer or reciprocal or interinsurance exchange from licensing its employees who solicit, negotiate, or effect contracts of insurance pursuant to this article.
Amended by Stats 2000 ch 321 (AB 393), s 4.7, eff. 1/1/01, op. 1/1/02.
This section is set out twice. See also Ca. Ins. Code § 1642 operative until 1/1/02.