Section 40.901 - Limitation on Sale of Credit Disability Insurance(a) An industrial loan company shall not sell credit disability insurance, as prohibited by current regulations of the Department of Insurance, to a borrower who is a member of the Armed Forces of the United States.(b) An industrial loan company shall not sell credit disability insurance to any other borrower as prohibited by current regulations of the Department of Insurance.Cal. Code Regs. Tit. 10, § 40.901
1. Change without regulatory effect renumbering former section 1202 to new section 40.901 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34). Note: Authority cited: Section 18347, Financial Code. Reference: Section 18290, Financial Code.
1. Change without regulatory effect renumbering former section 1202 to new section 40.901 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).