Cal. Code Regs. tit. 10 § 40.813
Neither an industrial loan company, a company affiliated with such industrial loan company, nor officers, directors or employees of such industrial loan company or affiliate, shall act as adjuster of, or in any manner exercise control or supervision over the adjustment of any insurance claim relating to property securing a loan made by such industrial loan company in any case where there is a direct or indirect financial benefit to such industrial loan company, affiliated company, or the officers, directors, or employees of such industrial loan company or affiliate, as a result of such insurance claim. This prohibition shall not extend, however, to the duly constituted claims or adjustment department or division of a licensed insurance carrier, nor shall it apply where the loss is adjusted by a staff adjuster of the carrier or an independent individual adjuster or attorney at law.
Cal. Code Regs. Tit. 10, § 40.813
Note: Authority cited: Section 18347, Financial Code.