Insurance Code section 1649.5

Notwithstanding Section 1642, an insurer may own or control, whether directly or indirectly, a separate entity licensed under this chapter as a property broker-agent, casualty broker-agent, or life agent as defined in Section 1621, 1622, or 1623, respectively. Insurance transacted by a property broker-agent or a casualty broker-agent with and on behalf of the owning or controlling insurer shall be in its capacity as an insurance agent.

Source: Section 1649.5, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=INS§ionNum=1649.­5.­ (updated Jan. 1, 2012; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 1649.5's source at ca​.gov