California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 40 - Industrial Loans
Article 9 - Credit Insurance
Section 40.901 - Limitation on Sale of Credit Disability Insurance

Universal Citation: 10 CA Code of Regs 40.901

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

(a) An industrial loan company shall not sell credit disability insurance, as prohibited by current regulations of the Department of Insurance, to a borrower who is a member of the Armed Forces of the United States.

(b) An industrial loan company shall not sell credit disability insurance to any other borrower as prohibited by current regulations of the Department of Insurance.

1. Change without regulatory effect renumbering former section 1202 to new section 40.901 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).

Note: Authority cited: Section 18347, Financial Code. Reference: Section 18290, Financial Code.

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