Insurance Code § 10430

ARTICLE 1. Restrictions on Business

Current as of September 28, 2026Ins. Code, § 10430Official source ↗

Enacted by Stats. 1935, Ch. 145.

An admitted life insurer shall not issue or deliver in this State, any securities or any special or advisory board or other contracts of any kind promising returns and profits as an inducement to insurance nor shall it permit its agents, officers or employees to do so.