(a) A person shall not make any statement that is known, or should have been known, to be a misrepresentation (1) to any other person for the purpose of inducing, or tending to induce, such other person either to take out a policy of insurance, or to refuse to accept a policy issued upon an application therefor and instead take out any policy in another insurer, or (2) to a policyholder in any insurer for the purpose of inducing or tending to induce him or her to lapse, forfeit or surrender his or
(a) No lender shall require a borrower, as a condition of receiving or maintaining a loan secured by real property, to provide hazard insurance coverage against risks to the improvements on that real property in an amount exceeding the replacement value of the improvements on the property. (b) A lender shall disclose to a borrower, in writing, the contents of subdivision (a), as soon as practicable, but before execution of any note or security documents. (c) Any person harmed by a violation of this
Sections 770 and 770.1 shall not prevent: (a) The exercise by any person engaged in that business of that person's right to approve or disapprove, for reasonable cause, as determined by appropriate regulatory authority, of the insurer selected to underwrite the insurance, nor of that person's right to furnish insurance or to renew any insurance required by the contract of sale or trust deed or other loan agreement if the borrower or purchaser shall have failed to furnish the insurance or renewal
(a) General Provisions: (1) Any lender engaged in the business of financing the purchase of real property or of lending money on the security of real property and any trustee, director, officer, agent or other employee, or affiliate, of any such lender shall have the right to disapprove, for reasonable cause, the insurer selected to underwrite the insurance required by the contract of sale or deed of trust or other loan agreement and shall have the right to furnish or renew such insurance if the
(a) General Provisions: (1) Any lender engaged in the business of financing the purchase of real property or of lending money on the security of real property and any trustee, director, officer, agent or other employee, or affiliate, of any such lender shall have the right to disapprove, for reasonable cause, the insurer selected to underwrite the insurance required by the contract of sale or deed of trust or other loan agreement and shall have the right to furnish or renew such insurance if the