{"code":"INS","codeName":"Insurance Code","section":"1649.5","citation":"Ins. Code, § 1649.5","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1. GENERAL RULES GOVERNING INSURANCE [100. - 1879.8.]","url":"https://blackletter.si/insurance-code/division-1"},{"name":"PART 2. THE BUSINESS OF INSURANCE [680. - 1879.8.]","url":"https://blackletter.si/insurance-code/division-1/part-2"},{"name":"CHAPTER 5. Production Agencies [1621. - 1758.993.]","url":"https://blackletter.si/insurance-code/division-1/part-2/chapter-5"},{"name":"ARTICLE 3. Licensing [1631. - 1651.]","url":"https://blackletter.si/insurance-code/division-1/part-2/chapter-5/article-3"}],"history":"Amended by Stats. 2011, Ch. 411, Sec. 13.   (AB 1416)   Effective January 1, 2012.","effective":"2012-01-01","html":"<p>Notwithstanding Section <a href=\"/ins/1642\">1642</a>, an insurer may own or control, whether directly or indirectly, a separate entity licensed under this chapter as a property broker-agent, casualty broker-agent, or life agent as defined in Section <a href=\"/ins/1621\">1621</a>, <a href=\"/ins/1622\">1622</a>, or <a href=\"/ins/1623\">1623</a>, respectively. Insurance transacted by a property broker-agent or a casualty broker-agent with and on behalf of the owning or controlling insurer shall be in its capacity as an insurance agent.</p>","text":"Notwithstanding Section 1642, an insurer may own or control, whether directly or indirectly, a separate entity licensed under this chapter as a property broker-agent, casualty broker-agent, or life agent as defined in Section 1621, 1622, or 1623, respectively. Insurance transacted by a property broker-agent or a casualty broker-agent with and on behalf of the owning or controlling insurer shall be in its capacity as an insurance agent.","otherVersions":[],"url":"https://blackletter.si/insurance-code/licensing-1649-5","source":"California Legislative Information bulk export (pubinfo)"}