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California Code, Financial Code - FIN § 12200.5

Current as of January 01, 2025 | Updated by Findlaw Staff

The commissioner shall classify and license applicants for a proraters license in accordance with the nature of their existing or proposed business and the extent of regulation required thereby in the public interest as follows:

(a) A special proraters license shall be issued to a qualified applicant to engage in business as a business agent.

(b) A general proraters license shall be issued to all other qualified applicants.

Whenever the term “prorater” is used in this division with reference to a licensee it shall be deemed to mean a general prorater unless otherwise provided.

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Cite this article: FindLaw.com - California Code, Financial Code - FIN § 12200.5 - last updated January 01, 2025 | https://codes.findlaw.com/ca/financial-code/fin-sect-12200-5/

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