Cal. Ins. Code § 5063

Current through the 2023 Legislative Session.

Section 5063 - Contract delegating to person right to assume virtual control of business prohibited

No such insurer may enter into any general agency or management contract whereby it authorizes or delegates to a person the right to assume virtual control of its operations or of the production of business for it in this State or any specified portion thereof.

Ca. Ins. Code § 5063

Added by Stats. 1955, Ch. 1250.