California Insurance Code 780 – An insurer or officer or agent thereof, or an insurance broker or …
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An insurer or officer or agent thereof, or an insurance broker or solicitor shall not cause or permit to be issued, circulated or used, any statement that is known, or should have been known, to be a misrepresentation of the following:
(a) The terms of a policy issued by the insurer or sought to be negotiated by the person making or permitting the misrepresentation.
Terms Used In California Insurance Code 780
- Insurance broker: means a person who, for compensation and on behalf of another person, transacts insurance other than life, disability, or health with, but not on behalf of, an insurer. See California Insurance Code 33
- Person: means any person, association, organization, partnership, business trust, limited liability company, or corporation. See California Insurance Code 19
(b) The benefits or privileges promised thereunder.
(c) The future dividends payable thereunder.
(Amended by Stats. 2004, Ch. 730, Sec. 1. Effective January 1, 2005.)