Insurance Code § 10432

ARTICLE 1. Restrictions on Business

Current as of September 28, 2026Ins. Code, § 10432Official source ↗

Enacted by Stats. 1935, Ch. 145.

A corporation or stock company, acting as agent of a life insurer and its agents, officers, or employees shall not sell, agree or offer to sell, or give or offer to give, directly or indirectly, any such securities or contracts as an inducement to insurance or in connection therewith.