Cal. Insurance Code § 10430 : California Insurance Code — Classes Of Insurance — General Regulation Of Life Insurers — Restrictions On Business — Issuing securities or contracts promising returns and profits as inducement to insurance

  • Date:

Current through the 2016 Legislative Session

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.

Ca. Ins. Code § 10430
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