Statutes, codes, and regulations
California Code Of Regulations
Title 10 - InvestmentChapter 5 - Insurance CommissionerSubchapter 1 - Production of InsuranceArticle 3 - Motor Vehicle Insurance
Regulations
Section 2121 - Same; Commission Payment to, Prohibited

Cal. Code Regs. tit. 10 § 2121

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Current through Register 2024 Notice Reg. No. 50, December 13, 2024
Section 2121 - Same; Commission Payment to, Prohibited

The paying or allowing of any commission or other valuable consideration on insurance by any insurer or licensee to an unlicensed dealer or to a licensee in connection with insurance which was not lawfully transacted by the licensee, by crediting the dealer's reserve or by paying a bonus, or otherwise, constitutes an unlawful rebate.

Cal. Code Regs. Tit. 10, § 2121

1. Amendment filed 9-5-61; designated effective 1-1-62 (Register 61, No. 18).
2. Change without regulatory effect amending section filed 7-14-2021 pursuant to section 100, title 1, California Code of Regulations (Register 2021, No. 29). Filing deadline specified in Government Code section 11349.3(a) extended 60 calendar days pursuant to Executive Order N-40-20.
1. Amendment filed 9-5-61; designated effective 1-1-62 (Register 61, No. 18).
2. Change without regulatory effect amending section filed 7-14-2021 pursuant to section 100, title 1, California Code of Regulations (Register 2021, No. 29). Filing deadline specified in Government Code section 11349.3(a) extended 60 calendar days pursuant to Executive Order N-40-20.