DecisionDepot
California legal research

California Insurance Code

§ 832

INS § 832Div. 1 · Part 2 · Ch. 1 · Art. 8

Statute text

View on leginfo.ca.gov
Every insurer that commits any of the following acts is guilty of a public offense and punishable by fine not exceeding ten thousand dollars:
(a)Selling or causing to be issued a security contrary to the provisions of this article or not in conformity with the permit of the commissioner.
(b)Applying any of the proceeds of sale of a security to any purpose other than as specified in the permit, or to a purpose specified in the permit, but in excess of the amount limited for that purpose.

Legislative history

Enacted by Stats. 1935, Ch. 145.

Source: California Insurance Code § 832 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.