DecisionDepot
California legal research

California Insurance Code

§ 757

INS § 757 Effective Sep 30, 1989Div. 1 · Part 2 · Ch. 1 · Art. 5.1

Statute text

View on leginfo.ca.gov
When a statement of the amount or segregation of a payroll is materially false, and an insurer, through a person employed by it in a managerial capacity, accepts the statement as the basis for the premium on a policy, the acceptance is an unlawful act if the accepting employee knows of the falsity.

Legislative history

Added by Stats. 1989, Ch. 1099, Sec. 1. Effective September 30, 1989.

Source: California Insurance Code § 757 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.