California Insurance Code

§ 785.5

INS § 785.5 Effective Jan 1, 2013Div. 1 · Part 2 · Ch. 1 · Art. 6.3

Statute text

An insurance broker or agent shall not participate in, be associated with, or employ any party that participates in, or is associated with, obtaining veterans benefits for a senior, unless the insurance agent or broker maintains procedural safeguards designed to ensure that the agent or broker transacting insurance has no direct financial incentive to refer the policyholder, or prospective policyholder, to any veterans benefits program offered through the government.

Legislative history

Added by Stats. 2012, Ch. 222, Sec. 1. (SB 1184) Effective January 1, 2013.