Insurance Code section 757

When a statement of the amount or segregation of a payroll is materially false, and an insurer, through a person employed by it in a managerial capacity, accepts the statement as the basis for the premium on a policy, the acceptance is an unlawful act if the accepting employee knows of the falsity.

Source: Section 757, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=757. (updated Sep. 30, 1989; accessed Jul. 28, 2025).

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Up to date

Verified:
Jul. 28, 2025

§ 757's source at ca.gov

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Location: https://california.public.law/codes/insurance_code_section_757

Original Source: Section 757, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=757. (last accessed May 12, 2025).