Cal. Ins. Code § 815

Current through the 2023 Legislative Session.
Section 815 - Compensation contingent upon amount of settlement of claim prohibited

No insurer shall pay any representative given discretion as to the settlement or adjustment of claims under life or disability policies, whether in direct negotiation with the claimant or in supervision of the person negotiating, a compensation which in any way is contingent upon the amount of settlement of such claims.

Ca. Ins. Code § 815

Added by Stats. 1949, Ch. 1445.