CA Ins Code Section 832

Every insurer that commits any of the following acts is guilty of a public offense and punishable by fine not exceeding ten thousand dollars:


Selling or causing to be issued a security contrary to the provisions of this article or not in conformity with the permit of the commissioner.


Applying any of the proceeds of sale of a security to any purpose other than as specified in the permit, or to a purpose specified in the permit, but in excess of the amount limited for that purpose.
Last Updated

Aug. 19, 2023

§ 832’s source at ca​.gov