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California Insurance Code

§ 704

INS § 704Div. 1 · Part 2 · Ch. 1 · Art. 3

Statute text

View on leginfo.ca.gov
The commissioner may suspend the certificate of authority of an insurer for not exceeding one year whenever he finds, after proper hearing following notice, that such insurer engages in any of the following practices:
(a)Conducting its business fraudulently.
(b)Not carrying out its contracts in good faith.
…

Legislative history

Amended by Stats. 1959, Ch. 1452.

Source: California Insurance Code § 704 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.