California Insurance Code

§ 761

INS § 761 Effective Jan 1, 2003Div. 1 · Part 2 · Ch. 1 · Art. 5.2

Statute text

(a)A covered person shall not engage in any practice that would lead a consumer to believe that an extension of credit, in violation of subsection (b) of Section 106 of the federal Bank Holding Company Act Amendments of 1970 (12 U.S.C. Sec. 1972), is conditional upon either of the following:

(1)The purchase of an insurance product or annuity from the depository institution or any of its affiliates.

(2)An agreement by the consumer not to obtain, or a prohibition on the consumer from obtaining, an insurance product or annuity from an affiliated entity.

…

Legislative history

Added by Stats. 2002, Ch. 203, Sec. 2. Effective January 1, 2003.