Financial Code section 7455

No association or director, officer, or employee of an association shall require, as a condition to the granting of any loan or the extension of any other service by the association, that the borrower or any other person undertake a contract of insurance with any specific company, agency, or individual.

Source: Section 7455, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=7455. (updated Jul. 6, 1984; accessed Jun. 18, 2026).

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Up to date

Verified:
Jun. 18, 2026

§ 7455's source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_7455

Original Source: Section 7455, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=7455. (last accessed May 12, 2025).