Financial Code section 12200.5

The commissioner shall classify and license applicants for a proraters license in accordance with the nature of their existing or proposed business and the extent of regulation required thereby in the public interest as follows:

(a)

A special proraters license shall be issued to a qualified applicant to engage in business as a business agent.

(b)

A general proraters license shall be issued to all other qualified applicants.
Whenever the term “prorater” is used in this division with reference to a licensee it shall be deemed to mean a general prorater unless otherwise provided.

Source: Section 12200.5, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=12200.­5.­ (updated Jan. 1, 1957; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 12200.5's source at ca​.gov