Cal. INS § 832
This is the official text of Cal. INS § 832, part of California’s Insurance Code — regulates insurance companies and the insurance policies sold in California.
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Official statutory text
Every insurer that commits any of the following acts is guilty of a public offense and punishable by fine not exceeding ten thousand dollars:
(a) Selling or causing to be issued a security contrary to the provisions of this article or not in conformity with the permit of the commissioner.
(b) Applying any of the proceeds of sale of a security to any purpose other than as specified in the permit, or to a purpose specified in the permit, but in excess of the amount limited for that purpose.
(a) Selling or causing to be issued a security contrary to the provisions of this article or not in conformity with the permit of the commissioner.
(b) Applying any of the proceeds of sale of a security to any purpose other than as specified in the permit, or to a purpose specified in the permit, but in excess of the amount limited for that purpose.
Status: in_force · Read it on the official government site
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