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Current as of January 01, 2023 | Updated by FindLaw Staff
A person licensed pursuant to this article may act as a credit insurance agent for an authorized insurer only with respect to the kinds of insurance specified in this section sold in connection with and incidental to a loan or other extension of credit other than a loan in excess of sixty thousand dollars ($60,000) relating to or secured by real property where the repayment period does not exceed 10 years. The sale of credit insurance products as specified in this section in excess of sixty thousand dollars ($60,000) relating to or secured by real property where any compensation, fee, or commission is paid dependent on the placement of credit insurance, requires a license to act as an insurance agent or life agent pursuant to Section 1621 or 1622.
(a) Credit life insurance.
(b) Credit disability insurance.
(c) Credit involuntary unemployment insurance or credit loss-of-income insurance.
(d) Credit property insurance.
(e) Guaranteed asset protection (GAP) insurance.
(f) Any other form of insurance declared by the commissioner to be subject to this section pursuant to subdivision (d) of Section 1758.992.
Cite this article: FindLaw.com - California Code, Insurance Code - INS § 1758.96 - last updated January 01, 2023 | https://codes.findlaw.com/ca/insurance-code/ins-sect-1758-96/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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