{"code":"INS","codeName":"Insurance Code","section":"12055","citation":"Ins. Code, § 12055","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]","url":"https://blackletter.si/insurance-code/division-2"},{"name":"PART 4. MISCELLANEOUS CASUALTY INSURANCES [12050. - 12129.]","url":"https://blackletter.si/insurance-code/division-2/part-4"},{"name":"CHAPTER 1. Surety Insurers on Reserve Basis; Capital Requirements and Permitted Insurances [12050. - 12122.]","url":"https://blackletter.si/insurance-code/division-2/part-4/chapter-1"},{"name":"ARTICLE 1. Capital and Scope of Business [12050. - 12055.]","url":"https://blackletter.si/insurance-code/division-2/part-4/chapter-1/article-1"}],"history":"Added by Stats. 1963, Ch. 19.","effective":null,"html":"<p>An insurer admitted in the State to transact credit insurance may also acquire and dispose of debts so insured and collect any debts owed to such insurer or to any person so insured by it. In performing any such act the credit insurer shall be under the jurisdiction of the Insurance Commissioner.</p>","text":"An insurer admitted in the State to transact credit insurance may also acquire and dispose of debts so insured and collect any debts owed to such insurer or to any person so insured by it. In performing any such act the credit insurer shall be under the jurisdiction of the Insurance Commissioner.","otherVersions":[],"url":"https://blackletter.si/insurance-code/capital-and-scope-of-business-12055","source":"California Legislative Information bulk export (pubinfo)"}