Insurance Code section 12640.145

No mortgage guaranty insurer shall pay any compensation to any person for transacting insurance for or with it based in whole or in part upon a commission basis unless such person is licensed pursuant to and subject to all the provisions of and restrictions in Chapter 5, Part 2, Division 1 of this code. This section shall not be construed so as to affect the meaning of any other provisions of this article.

Source: Section 12640.145, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=12640.145. (updated Jan. 1, 1963; accessed Jul. 14, 2025).

12640.12
12640.13
12640.14
12640.15
12640.145

Up to date

Verified:
Jul. 14, 2025

§ 12640.145's source at ca.gov

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Location: https://california.public.law/codes/insurance_code_section_12640.145

Original Source: Section 12640.145, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=12640.145. (last accessed May 12, 2025).