Cal. INS § 1739
This is the official text of Cal. INS § 1739, part of California’s Insurance Code — regulates insurance companies and the insurance policies sold in California.
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Official statutory text
Where a permanent license is held by an organization both the organization itself and any natural persons named thereon shall, for the purposes of this article, be deemed to be the holders thereof. If that natural person commits any act or fails to perform any duty which is a ground for suspension or revocation of the license held by the organization, that action may be taken against the organization. If any natural person named under an organization license commits any act or fails to perform any duty which is a ground for the suspension or revocation of any license held by the organization, the commissioner may suspend or revoke the license of the organization, or the license of the natural person, or may take all of those steps.
Status: in_force · Read it on the official government site
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