{"code":"INS","codeName":"Insurance Code","section":"832","citation":"Ins. Code, § 832","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 1. General Regulations [680. - 1113.]","url":"https://blackletter.si/insurance-code/division-1/part-2/chapter-1"},{"name":"ARTICLE 8. Issue of Securities [820. - 860.]","url":"https://blackletter.si/insurance-code/division-1/part-2/chapter-1/article-8"}],"history":"Enacted by Stats. 1935, Ch. 145.","effective":null,"html":"<p>Every insurer that commits any of the following acts is guilty of a public offense and punishable by fine not exceeding ten thousand dollars:</p><p>(a) Selling or causing to be issued a security contrary to the provisions of this article or not in conformity with the permit of the commissioner.</p><p>(b) Applying any of the proceeds of sale of a security to any purpose other than as specified in the permit, or to a purpose specified in the permit, but in excess of the amount limited for that purpose.</p>","text":"Every insurer that commits any of the following acts is guilty of a public offense and punishable by fine not exceeding ten thousand dollars: (a) Selling or causing to be issued a security contrary to the provisions of this article or not in conformity with the permit of the commissioner. (b) Applying any of the proceeds of sale of a security to any purpose other than as specified in the permit, or to a purpose specified in the permit, but in excess of the amount limited for that purpose.","otherVersions":[],"url":"https://blackletter.si/insurance-code/issue-of-securities-832","source":"California Legislative Information bulk export (pubinfo)"}