ARTICLE 5. Rebates and Commissions

Article 5 added by Stats. 1961, Ch. 719.

§§ 12640.12–12640.15 · 5 sections

• § 12640.12 Every mortgage guaranty insurer shall adopt, print and make available a schedule of premium charges for mortgage guaranty insurance policies. The schedule…
• § 12640.13 (a) No mortgage guaranty insurer shall pay to any person who is acting as agent, representative, attorney or employee of the owner, mortgagee of the…
• § 12640.14 No mortgage guaranty insurer shall make any rebate of any portion of the premium charge shown by the schedule required by Section 12640.12. No mortgage…
• § 12640.145 No mortgage guaranty insurer shall pay any compensation to any person for transacting insurance for or with it based in whole or in part upon a commission…
• § 12640.15 The commissioner may after a hearing suspend or revoke the certificate of authority of any mortgage guaranty insurer which, after 10 days written notice from…