Cal. INS § 853
This is the official text of Cal. INS § 853, part of California’s Insurance Code — regulates insurance companies and the insurance policies sold in California.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Official statutory text
Every broker shall, at such times as the commissioner requires, make and file in the office of the commissioner a true and correct statement concerning any security sold or offered for sale by the broker. The statement shall show:
(a) The name and location of the principal office of the issuer of such security.
(b) The names of the issuer’s managing officers if it is a corporation, or of its members if it is a partnership.
(c) The issuer’s assets, liabilities, and issued capital stock, at the close of its fiscal year then last ended, or at a later date.
(d) The issuer’s gross income, expenses, and fixed charges for the year next preceding such date, or for such time as such issuer of such security has transacted business, if for less than one year.
(e) The approximate price at which the broker has sold or proposes to sell such security.
(f) Such other information, of which the broker has knowledge, as the commissioner requires.
(a) The name and location of the principal office of the issuer of such security.
(b) The names of the issuer’s managing officers if it is a corporation, or of its members if it is a partnership.
(c) The issuer’s assets, liabilities, and issued capital stock, at the close of its fiscal year then last ended, or at a later date.
(d) The issuer’s gross income, expenses, and fixed charges for the year next preceding such date, or for such time as such issuer of such security has transacted business, if for less than one year.
(e) The approximate price at which the broker has sold or proposes to sell such security.
(f) Such other information, of which the broker has knowledge, as the commissioner requires.
Status: in_force · Read it on the official government site
Need a lawyer in California?
Find a California lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.