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 Jun. 25, 2025).

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Verified:
Jun. 30, 2025

§ 757's source at ca​.gov