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California Insurance Code

§ 827

INS § 827Div. 1 · Part 2 · Ch. 1 · Art. 8

Statute text

View on leginfo.ca.gov
An insurer shall not sell in this state, except upon a sale for delinquent assessment made in accordance with the provisions of Section 423 of the Corporations Code, or offer for sale, negotiate for the sale of, or take subscriptions for any security of its own issue until it shall have first applied for and secured from the commissioner a permit authorizing it so to do.

Legislative history

Amended by Stats. 1978, Ch. 349.

Source: California Insurance Code § 827 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.