California Insurance Code

§ 1758.95

INS § 1758.95 Effective Jul 23, 2021Div. 1 · Part 2 · Ch. 5 · Art. 16.7

Statute text

(a)If a licensee or endorsee violates any provision of this article or any other provision of this code, the commissioner may do either of the following:

(1)After notice and hearing, suspend or revoke the license of the credit insurance agent.

(2)After notice and hearing, impose other penalties that the commissioner deems necessary and convenient to carry out the purposes of this code, including suspending the privilege of transacting credit insurance pursuant to this article at specific business locations where violations have occurred, imposing fines on the credit insurance agent, individual endorsees or endorsee managers, and suspending or revoking the endorsement of a named endorsee or endorsee manager.

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Legislative history

Amended by Stats. 2021, Ch. 133, Sec. 38. (SB 272) Effective July 23, 2021.