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California Code, Insurance Code - INS § 1104

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

An admitted insurer shall not make any loan, other than a policy loan, to any officer, director, trustee or other person having authority in the management of its funds, nor shall such officer, director, trustee or other person accept any such loan.

This section does not prohibit a loan to, or for the benefit of, an employee for the purpose of paying the premiums on a life insurance policy on the life of such employee.

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Cite this article: FindLaw.com - California Code, Insurance Code - INS § 1104 - last updated January 01, 2025 | https://codes.findlaw.com/ca/insurance-code/ins-sect-1104/

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