California Insurance Code 783.5 – If an insurer knowingly violates any provision of Sections 780 or …
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If an insurer knowingly violates any provision of Sections 780 or 781, or knowingly permits any officer, agent, or employee so to do, the commissioner, after a hearing in accordance with the procedure provided in Section 704, may suspend the insurer’s certificate of authority to do the class of insurance in respect to which the violation occurred.
(Amended by Stats. 1945, Ch. 901.)
Terms Used In California Insurance Code 783.5
- Commissioner: means the Insurance Commissioner of this State. See California Insurance Code 20