Insurance Code section 12055

An insurer admitted in the State to transact credit insurance may also acquire and dispose of debts so insured and collect any debts owed to such insurer or to any person so insured by it. In performing any such act the credit insurer shall be under the jurisdiction of the Insurance Commissioner.

Source: Section 12055, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=12055. (updated Jan. 1, 1963; accessed Jun. 9, 2025).

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Verified:
Jun. 9, 2025

§ 12055’s source at ca.gov

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Location: https://california.public.law/codes/insurance_code_section_12055

Original Source: Section 12055, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=12055. (last accessed May 12, 2025).