California Insurance Code

§ 15042

INS § 15042Div. 5 · Ch. 2 · Art. 5

Statute text

The commissioner may suspend or revoke a license issued under this chapter if the commissioner determines that the licensee has committed any act in the course of the licensee’s business constituting dishonesty or fraud. “Dishonesty or fraud” as used in this section includes, in addition to other acts not specifically enumerated herein, any of the following:

(a)Knowingly making a false statement relating to evidence or information obtained in the course of employment, or knowingly publishing a slander or libel in the course of business.

(b)Using illegal means in the collection or attempted collection of a debt or obligation.

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Legislative history

Added by Stats. 1985, Ch. 1202, Sec. 1.